Yahoo!, WDC, Apple: Tech Premarket
NEW YORK (TheStreet) -- Yahoo! (YHOO) was a big gainer in premarket trading on Tuesday, rising 3.68% to $16.35 following the company's strong third-quarter results on Monday.
Despite underwhelming recent results from tech heavyweights such as Microsoft (MSFT) and Google (MSFT), 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."
Western Digital (WDC), 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.
Shares of Texas Instruments (TXN) dipped 0.5% to $27.65 after the chipmaker released third-quarter results 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. Facebook (FB), which reports its third-quarter results on Tuesday, slipped 0.47% to $19.23 before market open. Shares of Apple (AAPL), which is expected to launch the iPad Mini at a press event on Tuesday, dipped 0.57% to $630.4. TheStreet will be live-blogging the Apple event, starting at 12:30 p.m. EDT. --Written by James Rogers in New York. Follow @jamesjrogers >To submit a news tip, send an email to: tips@thestreet.com.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
TheStreet Quant Ratings
TRY IT FREENew! $49.95/yr
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
Product Features:
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Dividend Stock Advisor
TRY IT FREEJim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
