Dell reports its fiscal second-quarter results after the closing bell, and analysts polled by Thomson Reuters are looking for earnings of 45 cents a share on revenue of $14.64 billion. That's sharply down from the same quarter in 2011, when the company earned 54 cents per share on $15.66 billion in revenue, a drop of 6.3%.
Sterne Agee analyst Shaw Wu is anticipating a yawner of a quarter. "We anticipate a meet or beat amid low expectations where consensus is looking for sizable Y/Y declines in both revenue and EPS. For the October quarter, it is a similar story where expectations are low. Because of this, we believe there could be a near-term positive bias in DELL shares. However, we maintain our Neutral rating as we remain concerned with the company's long-term fundamental position," Wu wrote in a research note.
Shares edged up in Tuesday trade, rising 0.72% to $12.65.
Apple (AAPL) shares were edging lower Tuesday as the iPhone 5 launch and potential iPad Mini launch draws closer. Topeka Capital Markets analyst Brian White said he believes the company could become the first $1 trillion company in a research note. "In June, analysts and market pundits expressed growing concern that Apple would succumb to the $500 billion "market cap flu" and the stock would finally roll over," he wrote, "In a note on June 18, we highlighted why we felt this was a fallacious argument and pointed out that investors should think of Apple's market cap in terms of 'trillions' and not 'billions.' Based on our calculations, Apple is now the most valuable company ever, finally surpassing the market value of Microsoft at the peak, and removing a key sentiment barrier for the stock," added White, who has a buy rating and $1,111 price target on the stock. Apple shares were down more than 1% at $664 in recent trades.
Amazon (AMZN) announced another move into cloud storage Tuesday, launching Amazon Glacier. Glacier provides low cost storage, costing as low as 1 cent per gigabyte per month, the company noted on its blog. There is now limit to how much or how little you can store, and there's no upfront cost. Amazon already has a cloud storage service, known as Amazon Web Services. Amazon Glacier is available immediately in "the US-East (N. Virginia), US-West (N. California), US-West (Oregon), Asia Pacific (Tokyo) and EU-West (Ireland) Regions." Shares of the online retailer were up Tuesday, gaining 0.83% to trade at $242.35.
Interested in more on Amazon? See TheStreet Ratings' report card for this stock. Follow TheStreet Tech on your wireless devices. --Written by Chris Ciaccia in New York >Contact by Email. Follow @Commodity_Bull
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