Earnings News: Intel Corp (NASDAQ: INTC), American Express Company (NYSE: AXP)

Category: Economy / Jan 16, 2014 6:16PM EDT

Intel Corp. (NASDAQ: INTC) reported fourth-quarter earnings of $2.6 billion, or 51 cents a share, compared with $2.5 billion, or 48 cents a share, a year-ago. Revenue came in at $13.8 billion, compared with $12.5 billion in the year-ago period.

Wall Street had expected the chip maker to issue EPS of 52 cents on revenue of $13.72 billion for the previous quarter, according to Reuters.

Shares of Intel fell 4.45 percent to $25.36 in after-hours trading.

American Express Company (NYSE: AXP) reported fourth-quarter net income increased to $1.31 billion, or $1.21 per share, compared with $637 million, or 56 cents per share, a year earlier. Revenue rose 5 percent to $8.55 billion, while EPS excluding items came in at of $1.25.

Analysts had expected the company to report earnings per share of $1.26 on sales of $8.54 billion.

Shares of American Express edged down 0.32 percent to $87.50 after the bell.

The Dow Jones industrial average fell 64.93 points or 0.39 percent, to end at 16,417.01. The S&P 500 slipped 2.49 points or 0.13 percent, to finish at 1,845.89. The Nasdaq Composite added 3.80 points or 0.09 percent, to close at 4,218.69.


Video Credit: Reuters