Guidance & Visibilty

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$YHOO: Yahoo shares slid 2% after rebounding from earlier losses. The Internet company is slated to release third-quarter earnings after the closing bell on Tuesday. Analysts polled by FactSet, on average, are expecting the Sunnyvale, Calif.-based company to report a profit of 33 cents a share on revenue of $1.08 billion.

Chief Executive Marissa Mayer, who has sought to revamp the company’s image, is opening up the Q&A session of the conference call to the public. Questions can be sent via Twitter tagged #YHOOearnings or by email to [e-mail]. They must be sent before noon Pacific or 3:00 p.m. Eastern on Tuesday to be considered for the live stream. MarketWatch readers can also have their say on the Earnings Wall.

$AAPL: Apple Inc. climbed 0.8% to successfully test the $500 mark during the session. The iPhone maker poached Burberry Group’s Angela Ahrendts as its new retail boss. Indiana-raised Ahrendts is a fashion industry veteran and spent the past seven years at the helm of Burberry.

Separately, Apple sent out invitations for an event in San Francisco on Oct. 22. In keeping with its usual practice, the company did not disclose details of the event, although many expect it to announce new versions of the iPad and iPad mini. ”We still have a lot to cover,” the invite said.

$C: Citigroup Inc. reported third-quarter earnings that missed estimates on Tuesday. The bank’s third-quarter profit jumped to $3.2 billion, or $1 a share, from $468 million, or 15 cents a share, in the year-ago period. Results from the year-earlier quarter were skewed by a big charge related to Citigroup’s sale of its stake in Morgan Stanley Smith Barney. Adjusted per-share earnings were $1.02. Analysts polled by FactSet expected Citigroup to earn $1.05 a share. Citigroup shares were last off 1.3%.

$KO: Coca-Cola Co. said its third-quarter profit rose to $2.45 billion, or 54 cents a share, on revenue of $12.03 billion. Adjusted earnings were 53 cents a share and Chief Executive Muhtar Kent noted emerging-market volatility and the challenging economic environment in the quarter. Shares were down 0.6% in recent activity.

$JNJ: Johnson & Johnson said its third-quarter profit edged up to $2.98 billion, or $1.04 a share, on revenue of $17.58 billion. Adjusted earnings were $1.36 a share, with results beating analyst expectations. Johnson & Johnson shares were up 0.5%.

Charles Schwab Corp. shares surged 4.9%. The discount brokerage said on Tuesday its third-quarter profit rose to $290 million, or 22 cents a share, from $247 million, or 19 cents a share, in the year-ago period.

Cliffs Natural Resources Inc. shares gained 4.3%. The mining company is expected to report third-quarter earnings next week. Analysts surveyed by Thomson Reuters forecast Cliffs to report earnings of 64 cents a share, up 5% from the year-earlier quarter.

FedEx Corp. shares rallied 4.5%. The shipping company on Tuesday said its board authorized a new buyback program of up to 32 million shares. FedEx currently has 7.4 million shares remaining in its current plan.

Allegheny Technologies Inc. shares advanced 4.2%, recovering from the previous session’s losses. The metal processor said it is likely to miss third-quarter estimates due to lower shipments and lower base-selling prices. Allegheny now sees sales of about $970 million, compared with Wall Street’s forecast of $1.15 billion.

United States Steel Corp. rose 5.6%. It was not immediately clear what fueled the gains. A recent report from American Metal Market forecast an upbeat outlook for the steel market in 2014.

Teradata Corp. shares plunged 18%. The data-services provider on Monday warned that its third-quarter earnings will miss expectations. The company also revised down its full-year estimate, and is now expecting adjusted per-share earnings of $2.70 to $2.80.

Flir Systems Inc. shares skidded 13%. The maker of imaging and sensor systems on Tuesday released its preliminary third-quarter results and said quarterly profit is likely to be 32 cents a share to 33 cents a share. Revenue is expected to come in between $358 million and $360 million. Analysts are projecting Flir to earn 37 cents a share. “Third-quarter preliminary results were negatively impacted by weakness in markets that have exposure to the U.S. federal government,” said the company. It also plans to restructure several of its production and engineering organizations and streamline its global operations, including closing up to six facilities in the U.S. and Europe.

J.C. Penney Co. shares slid 8.4%. The retailer is among the top U.S. companies laying off workers and is estimated to have cut as many as 19,000 jobs in the past couple of years, according to 24/7 Wall St.

Invesco Ltd. shares dropped 6.5%. Neil Woodford, manager of the $22 billion Invesco Perpetual High Income, will leave in April 2014, The Wall Street Journal reported Tuesday. The high-profile manager plans to start up his own fund-management business, the newspaper said.