This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

After-The-Bell Earnings Wrap: INTC, YHOO, LLTC

Stocks in this article: LLTC INTC YHOO

NEW YORK (TheStreet) -- Tech companies Intel (INTC), Yahoo! (YHOO) and Linear Technology (LLTC) reported after the bell on Tuesday.

Intel reported third-quarter net income of $3 billion on revenue of $13.5 billion. Revenue increased 5% since the second quarter but was flat on the year-ago period. Intel expects fourth-quarter revenue of $13.7 billion.

"The third quarter came in as expected, with modest growth in a tough environment," said Intel CEO Brian Krzanich.

Intel shares closed 0.26% lower to $23.39. In after-hours trading, the stock lost 2.1% to $22.91.

TheStreet Ratings team rates Intel as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate Intel Corp (INTC) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, increase in stock price during the past year, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share."

Yahoo! reported third-quarter revenue had decreased 1% to $1.08 billion from $1.09 billion a year earlier.

"I'm very pleased with our execution, especially as we've continued to invest in and strengthen our core business," said Yahoo! CEO Marissa Mayer in a statement.

Net income for the period was $297 million, or 28 cents a share, compared to $3.16 billion, or $2.64 a share, in the year-ago quarter. Net income was significantly higher in the third quarter of 2012 due to a one-time partial sale of its Alibaba Group stake.

Yahoo! shares closed 1.8% lower to $33.38. In post-market trading, the stock had dipped a further 0.09% to $33.35.

TheStreet Ratings team rates Yahoo! a Buy with a ratings score of B-. TheStreet's team has this to say about their recommendation:

"We rate Yahoo! Inc (YHOO) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, notable return on equity, reasonable valuation levels and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."

Linear Technology reported first-quarter revenue of $340.4 million, a 2% year-on-year increase, beating expectations by $1.14 million. The circuit maker reported net income of $107.9 million, 6% higher than the preceding three months and 3% higher than first quarter FY2013.

The company, which sees much of its business from the auto industry, expects softer demand in the second quarter.

"Our second fiscal quarter has been challenging over the past three years partially due to the December quarter being a historically slow quarter for the automotive and industrial end-markets," said CEO Lothar Maier.

"Accordingly, we are forecasting revenue for our second quarter to be flat to down 4% from the first quarter of fiscal 2014."

Linear Technology shares closed 1.2% lower to $39.55, losing a further 3.2% in after-hours trading.

TheStreet Ratings team rates Linear Technology Corp as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate Linear Technology Corp (LLTC) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."

Written by Keris Alison Lahiff.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,082.19 +51.98 0.29%
S&P 500 2,090.09 +8.21 0.39%
NASDAQ 4,796.5520 +23.08 0.48%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs