Tech Five: Apple shares jump off iPhone sales
Investors appear pleased with the demand for Apple's latest smartphone. Let's look at the technology stocks to watch Tuesday:
Apple. Shares of the Cupertino, California, company jumped 3% in morning trading after reporting it sold 39 million iPhones in the third quarter. Analysts had predicted sales of 37-38 million. The company also recorded $8.5 billion in profits off $42.1 billion in revenue.
Yahoo. The tech company reports third quarter earnings after the markets close Tuesday. According to Techcrunch, Yahoo is in talks to acquire digital video advertising service Brightroll for $700 million.
Verizon. The telecommunications giant reported double-digit earnings growth for the third quarter. However, their third-quarter earnings per share still fell short of Wall Street forecasts. Verizon CEO Lowell McAdam says demand for wireless and broadband services has been "healthy."
IBM. Shares of the tech bellwether are steady after abandoning its earnings guidance for 2015 and reporting quarterly earnings that were way off Wall Street forecasts. IBM also announced it would hand over its chip division to Silicon Valley firm GlobalFoundries.
Microsoft. The tech giant is working with Dell on a cloud hardware and software platform, Venturebeat reports. The service will be available starting next month.
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