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U.S. Day Ahead: Apple under earnings scrutiny

Monday, July 22, 2013 - 02:16

July 22 - Investors are looking for fresh reasons to get excited about Apple. The company will report third-quarter earnings which are expected to be lower than a year ago.

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Here is why you need to know four days. First stop Lockheed Martin's total revenue could see -- falling across the board government spending cuts. Over 80% of its sales come from the US government making company highly vulnerable to sequestration. While he estimates its full year 2013 and -- from government cuts at 825. Million dollars. Keep in mind though that sequestration may have also help Lockheed Martin's margins by forcing job cuts. Shares of Lockheed are up 24% so far this year. Next Freeport Mac -- is expected to report a drop in second quarter earnings on falling metal prices and lower output. The company stopped production for nearly two months following the collapse of an Indonesian title in me which killed twenty people. Analysts believe the incident will have a significant impact on the company's quarterly and full year outlook. Also listen for any news on Freeport Mac -- push into the energy business. Freeport Mac land is down nearly 19% so far this year. And your top story apple earnings come after the close. With stock down 29%. Over the past year investors are looking for fresh reasons to fall in love again. Apple is struggling to sustain growth as -- searches for its next blockbuster product investors are watching for any news on a low cost iPhone 5 has priced between 250 and 300 dollars. Which is aimed at expanding its international Smartphone market share analysts expect the company to report revenues of 35 billion dollars. And EPS at seven dollars and 31 cents down from nine dollars and 32 cents a year ago. Meanwhile Apple's main website for developer has remained shut after being hacked last week. Fourteen iPhone maker to overhaul its database and server software to prevent future cyber attacks. We'll see if the hacking is mentioned on their -- earnings call you can watch that call lie on insider. Follow us on Twitter at Reuters Insider and -- more -- video that Reuters dot com slash -- -- -- But in the.

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U.S. Day Ahead: Apple under earnings scrutiny

Monday, July 22, 2013 - 02:16