Investor Agenda

Earnings Preview: Apple & Texas Instruments


We're bracing for some key technology earnings after the close today, with quarterly results from Apple and Texas Instruments.

Apple's fiscal fourth quarter report will see much of the attention focused on the iPhone and its outlook for the holiday season. Analyst polled by Thomson Reuters expect Apple to report earnings of $1.42 a share and revenues of $9.2B. It's going to be a numbers game and Gene Munster, Senior Research Analyst at Piper Jaffray expects the iPhone shipments during the quarter to hit 7.5 million. His forecast is for Mac shipments to hit 2.8 million.

Other important gauges for Munster:

  • Guidance (he notes that Apple typically guides down relative to where the Street is)
  • Steve Jobs increased presence at work
  • Tablet PC in 2010

For Texas Instruments , analysts surveyed by FactSet Research expect earnings of 39 cents a share on revenue of $3.4B. Scott Billeadeau, Managing Director at Fifth Third Asset Management is watching to see if the chip giant is benefiting from an economic rebound. As a stock play, Billeadeau says the stock has some ways to go, with expectations proving to be too low. He thinks TXN will be a "later-cycle play".

With technology as the main leadership sector right now, we'll be watching to see if this latest set of earnings will give the sector an additional boost. Tune in to Closing Bell at 3:40pm ET as we preview tech earnings with Munster and Billeadeau. We'll also be breaking down the earnings from Apple and Texas Instruments live at 4:30pm ET.

Gene Munster and Piper Jaffrey do not own any stock in Apple. Scott Billeadeau doesn't own any shares in Texas Instruments but Fifth Third Asset Management owns TXN in its funds.

Liza Tan contributed to this article.



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