NEW YORK (
(YHOO - Get Report)
was a big gainer in premarket trading on Tuesday, rising 3.68% to $16.35 following the company's strong
results on Monday.
underwhelming recent results
from tech heavyweights such as
, the Internet giant comfortably beat Wall Street's top- and bottom-line estimates.
"Yahoo! had a solid third quarter, and we are encouraged by the stabilization in search and display revenue," said Marissa Mayer, the company's CEO. "We're taking important steps to position Yahoo! for long-term success, and we're confident that our focus on quality and improving the user experience will drive increased value for our advertisers, partners and shareholders."
(WDC - Get Report)
, however, was a big loser, tumbling 7.2% to $32.74. On Monday, after market close, the hard disk drive maker reported
strong fiscal first-quarter results
but offered weak guidance.
(TXN - Get Report)
dipped 0.5% to $27.65 after the chipmaker released
and investors responded to the firm's weaker-than-expected guidance.
The Dallas-based company cited ongoing weakness in the economy and the semiconductor market.
(FB - Get Report)
, which reports its third-quarter results on Tuesday, slipped 0.47% to $19.23 before market open.
(AAPL - Get Report)
, which is expected to launch the iPad Mini at a
on Tuesday, dipped 0.57% to $630.4.
will be live-blogging the Apple event, starting at 12:30 p.m. EDT.
--Written by James Rogers in New York.
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