Intel & Yahoo Disappoint

Intel (INTC) and Yahoo (YHOO) both traded lower in the after hours. Intel beat estimates by a penny but fell short of their gross margin guidance sending the stock lower by 4.48% or $1.28. Yahoo's revenue fell short of Wall Street expectations by $8 million. Although Yahoo still met earnings estimates of $0.13 a share. Yahoo got hammered trading down about 10% to $34.00.