Apple CEO Steve Jobs other company, Pixar, has beaten the earnings estimates made by analysts, reporting earnings of $55.2 million for its fourth quarter.
The successful quarter is partly due the positive box office reception for The Incredibles, Pixar's latest computer-generated hit.
Although Pixar's earnings of $55.2 million, or 91 cents per share were down from the $1.44 per share the company earned in the fourth quarter of 2003, it was ahead of the Thomson First Call's expectation of 77 cents.
Pixar's one-movie-a-year schedule can make quarterly results erratic, and with the company's next theatrical release, Cars, not expected to be released until the summer of 2006, first-quarter expectations are lower.
According to The Street.com forecast first-quarter 2005 EPS in the range of 85 cents to 95 cents. The eight-analyst estimate for the first quarter currently stands at 27 cents per share.