Pixar Animation Studios exceeded Wall Street's expectations, returning second quarter earnings of 20 cents per share yesterday.
Apple CEO Steve Jobs is also CEO of Pixar, a company whose market capitalization currently stands at $2,064,704,160. Apple's market capitalization currently stands at $5,442,210,000.
Jobs said: “Pixar is firing on all cylinders.”
Pixar's net incomefor the quarter rose to $10.442 million from $8.753 million on sales of $22.811 million. Analysts had expected earnings per share of 11 cents on sales of $19.5 million.
“Our results this quarter reflect the outstanding performance of Monsters Inc, which is poised to continue, with its domestic home-video release next month, and earnings from our growing film library, which continue to outperform our expectations,” Jobs said.