Strong Q3 report boosts Intel shares 

Today was a day thick with earnings reports from companies across the Bay Area and around the world.

Locally, Intel Corp. (INTC), the Santa Clara maker of semiconductor chips, saw a 43 percent rise in quarterly profit on Tuesday and raised its revenue forecast to above Wall Street expectations, sending its shares up 4 percent, according to Reuters.

The stock price rose above the $25.48 Nasdaq close price in after-hours trading.

South San Francisco biotech giant Genentech Inc. (DNA) also saw profits rise – some 21 percent for Q3 – but the stock price fell after the company announced that its share-price projection just meets previously stated analyst expectations, according to Forbes.com.

Sunnyvale-based Yahoo Inc. (YHOO) Yahoo Inc. said its Q3 net income was $151 million or 11 cents a share, down slightly from the same period last year, according to MSN Money.

The stock market overall ended the day down, with the Dow down .51 percent, the Nasdaq down .58 percent and the S&P 500 down .66 percent.

Among the top 50 publicly traded Bay Area companies tracked by The Examiner, the following had the greatest volume of trades: BEA Systems Inc. (BEAS), LSI Corp. (LSI) and Varian Medical Systems Inc. (VAR).

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Staff Report

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A daily newspaper covering San Francisco, San Mateo County and serving Alameda, Marin and Santa Clara counties.
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