NEW YORK -- Yahoo!
Yahoo! reported first-quarter non-GAAP earnings of 38 cents a share on revenue of $1.14 billion, excluding traffic acquisition costs. Including TAC, sales were $1.07 billion.
The company noted display revenue ex-TAC was $402 million for the first quarter of 2013, down 11% from last year. Search revenue also declined, coming in at $425 million, down from $470 million in the first quarter of 2012.
Analysts expected Yahoo! to earn 24 cents a share on $1.1 billion in revenue for the first quarter.
Yahoo!'s second-quarter guidance came in below estimates. Excluding TAC, revenue is expected to be between $1.06 billion and $1.09 billion, with non-GAAP operating income between $190 million and $210 million. Analysts polled by Thomson Reuters are looking for sales of $1.12 billion.
The chipmaker earned 40 cents a share, down from 53 cents a share in the prior year's quarter. Intel reported revenue of $12.6 billion, compared to $12.9 billion for the same period last year. Analysts were looking for earnings of 41 cents a share and revenue of $12.59 billion.
For its fiscal second quarter, Intel expects revenue of $12.9 billion, plus or minus $500 million, broadly in line with Wall Street's forecast of $12.85 billion. Intel also predicts a gross margin of 58%, plus or minus a couple of percentage points.
Bank of America
Most of Bank of America's turnaround depends upon the U.S. housing recovery, which has lately shown some signs of slowing.
Toy company Mattel
-- Written by Joseph Woelfel
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