Trio of Tech Leaders Report: Yahoo Climbs, IBM and Intel Fall on Earnings

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A trio of leading technology companies released their quarterly earnings results after the closing bell on Tuesday. Market sentiment will likely be influenced tomorrow in the wake of reports from Yahoo! (NASDAQ: YHOO ), Intel (NASDAQ: INTC ) and IBM (NYSE: IBM ). While YHOO shares are trading higher immediately after the company released its Q1 earnings results, both INTC and IBM have fallen in Tuesday's after hours trading session.

Yahoo! reported first quarter net income attributable to the company of $286.3 million or $0.23 per share, compared to $223.0 million or $0.17 per share, in last year's corresponding quarter. This compared to Wall Street consensus EPS estimates of $0.17.

Revenues in the quarter were $1.22 billion, an increase over the $1.21 billion the company reported in last year's first quarter. Excluding traffic acquisition costs, YHOO reported revenue of $1.08 billion versus $1.06 billion last year. This compared to analysts' consensus revenue estimates of $1.06 billion.

Looking ahead to Q2, the company expects ex-TAC revenues in a range between $1.03 billion and $1.14 billion. Total revenues for the second quarter are expected to be in a range of $1.17 billion to $1.29 billion. Currently, Wall Street analysts are projecting that YHOO will report Q2 revenues of $1.08 billion.

In Tuesday's after hours trading session, YHOO had added nearly 3% to $15.01.

Intel reported first quarter net income fo $2.74 billion or $0.53 per share, versus $3.16 billion or $0.56 per share, in last year's corresponding period. On a non-GAAP basis, net income at the company for the quarter was $2.88 billion or $0.56 per share, compared to $3.24 billion or $0.58 per share, last year. This came in ahead of Wall Street analysts' consensus EPS estimates of $0.50.

Net revenues at Intel were up to $12.91 billion versus $12.85 billion in the prior year period. This also exceeded Street consensus revenue estimates of $12.84 billion.

Looking ahead, INTC sees revenue of $13.6 billion in the second quarter, plus or minus $500 million. This compares to current Street consensus revenue estimates of $13.43 billion.

In Tuesday's after hours trading session, INTC shares have lost 2.39% to $27.79.

IBM reported first quarter net income of $3.1 billion or $2.61 per share, compared to $2.9 billion or $2.31 per share, in last year's corresponding quarter. On an adjusted basis, which is comparable to analysts' consensus, IBM reported net income of $3.3 billion or $2.78 per share, which was a 15% increase over the $3.0 billion or $2.41 per share, the company reported in last year's first quarter. This exceeded Wall Street analysts' consensus EPS estimates of $2.65.

Revenues for the quarter were $24.67 billion compared to $24.61 billion last year. This also came in ahead of consensus expectations of $24.77 billion.

Looking ahead, IBM raised its full year GAAP earnings per share outlook to at least $14.27 versus a prior outlook of at least $14.16 per share. The company also raised its adjusted earnings outlook to at least $15.00 per share, compared to its previous outlook of at least $14.85 per share. Wall Street analysts currently have consensus EPS estimates of $14.93 per share for fiscal 2012.

In the after hours trading session, IBM was last trading down 2.24% to $202.80. During regular trading, the stock added 2.33% to $207.45.

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This article appears in: Investing , US Markets

Referenced Stocks: IBM , INTC , YHOO

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