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Analysts up Apple recommendations on big profit increase news

Apple Computer this morning was upped to ‘outperform’ at Bear Stearns and upped to ‘buy’ at First Albany.

Apple Computer yesterday reported its fiscal third-quarter earnings more than tripled and sales rose 30 percent. Apple said earnings rose to $61 million, or 16 cents a share, from $19 million, or 5 cents a share, a year earlier. Excluding charges, net income was $67 million, or 17 cents a share.

Apple Computer, Inc. (AAPL) quote here.

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