TheStreet will be live-blogging the proceedings from San Jose, Calif.
UBS analyst Steven Milunovich said the product will go a long way to both bringing Apple new customers and keeping the ones it has already. Milunovich has a buy rating on Apple and a $780 price target.
The stock gained 0.4% in trading Monday to close at $636.75.Apple iPad Mini Poll: What Do You Want to See?
Yahoo! (YHOO - Get Report)delivered strong quarterly numbers and CEO Marissa Mayer presided over her first conference call Monday but once again declined to provide guidance. For the third quarter ended Sept. 30, the Sunnyvale, Calif.-based Internet content and search company reported non-GAAP earnings excluding items of $177 million, or 35 cents a share, with revenue excluding traffic acquisition costs, or TAC, at $1.09 billion. Analysts were looking for profit of 25 cents a share in the September-ended period on revenue of $1.08 billion. Yahoo! Blows Past Earnings View
Facebook (FB - Get Report) will issue its third-quarter earnings after the closing bell Tuesday and analysts expect the social networking giant to post earnings of 11 cents a share in the September-ended quarter on revenue of $1.23 billion.
Netflix (NFLX - Get Report) is expected by analysts Tuesday to post a third-quarter profit of 4 cents a share on revenue of $904.9 million. The DVD rental company is expected to issue the report after Tuesday's closing bell.
Dow components DuPont (DD - Get Report), 3M (MMM), and United Technologies (UTX) also will be issuing earnings reports Tuesday. Wall Street expects earnings of 46 cents a share from DuPont, while analysts see earnings of $1.18 a share for United Technologies. For 3M, the average analysts' estimate is for earnings of $1.65 a share in the third quarter.
Delivery giant United Parcel Service (UPS) is expected by analysts to post third-quarter earnings of $1.06 a share on revenue of $13.3 billion.
Texas Instruments (TXN) delivered weaker-than-expected guidance with its third-quarter results amid ongoing weakness in the semiconductor market. Texas Instruments Guides Low on Semi Weakness -- Written by Joseph Woelfel
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