Tech Giants Yahoo!, Intel Update Investors on Their Businesses

Yahoo! earnings per share came in at 8 cents, which was slightly better than expected.

Author:: Jane King
Publish date:: Apr 20, 2016 7:18 AM EDT

Yahoo! (YHOO) earnings per share came in at 8 cents, which was slightly better than expected. Revenue was $1.09 billion versus $1.08 billion. Investors also got an update on bids for the tech company's 'core assets'. Verizon (VZ) - Get Report , TPG and Britian's Daily Mail all submitted offers to buy that part of the company. Intel (INTC) - Get Report reported earnings of 54 cents a share and lowered revenue guidance. Intel also said it would eliminate 12,000 jobs, or 11% of its workforce by 2017. Intel also said its Chief Financial Officer Stacy Smith will transition into being in charge of sales. Presidential front runners Donald Trump and Hillary Clinton both had sweeping wins in New York state. The decisive victories puts both of them closer to securing their respective party's nomination. March existing home sales are reported today. Qualcomm (QCOM) - Get Report is among companies that report earnings today. President Obama arrives in Saudi Arabia for the Gulf Corporation Council in Saudi Arabia.