After the closing bell on Tuesday, Intel Corporation, Yahoo! Inc. and CSX Corp. reported quarterly results.
Intel Corporation (NASDAQ: INTC) issued fiscal third-quarter earnings excluding items of 58 cents a share on revenue of $13.48 billion, compared with a profit of 58 cents a share on revenue of $13.46 billion in the year-ago quarter.
Analysts had expected the company to issue third-quarter earnings of 53 cents per share on revenue of $13.47 billion.
Intel fell 2.05 percent to $22.91 per share in extended-hours trading.
Yahoo! Inc. (NASDAQ: YHOO) reported fiscal third-quarter earnings of 34 cents a share on revenue excluding traffic-acquisition costs of $1.08 billion, compared with a profit of $2.64 a share on revenue of $1.09 billion in the year-ago period.
Wall Street had expected the internet company to report third-quarter EPS of 33 cents on revenue of $1.08 billion, according to the consensus estimate of analysts polled by Reuters.
Investors will be tuning in to listen to what Yahoo Chief Executive Officer Marissa Mayer has to say about how ad revenue is holding up, the company’s stake in Chinese e-commerce giant Alibaba Group Holding and the outlook and guidance for the internet giant.
On Monday, shares of Yahoo rose 0.69 percent to $33.61 in after-hours trading.
CSX Corporation (NYSE: CSX) also issued quarterly results and posted higher profit the company said was due to strong operating results and higher revenues that included benefits from customer contract settlements. The transportation supplier said EPS came in at 46 cents on revenue of $3 billion, compared with a profit of 44 cents a share on revenue of $2.89 billion in the year-ago period.
Analysts had expected the company to report fiscal third-quarter EPS of 43 cents on revenue of $2.95 billion.
Shares rose 0.69 percent to $26.28 after the bell.
The Dow Jones industrial average dropped 133.25 points, or 0.87 percent, to close at 15,168.01. The S&P 500 Index was down 12.08 points, or 0.71 percent, to end at 1,698.06. The Nasdaq Composite Index fell 21.26 points, or 0.56 percent, to finish at 3,794.01.
