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After-Hours Buzz: INTC, IBM, C & More

Tuesday, 16 Oct 2012 | 4:48 PM ET

Check out which companies are making headlines after the bell Tuesday:

IBM - The multinational tech company posted earnings of $3.62, ex-items, beating expectations by a penny. But the company handed in sales of $24.7 billion, missing expectations for $25.38 billion. In addition, the company reiterated its guidance for full-year 2012 at $15.10 a share, versus estimates for $15.15 a share. Shares slid in extended-hours trading. ( Click here for after-hours quote.)

(Read More: Stocks Log 1% Rally on Earnings; Apple Jumps)

Intel - The chipmaker posted earnings of 58 cents a share on revenue of $13.5 billion, topping expectations for 49 cents a share on revenue of $13.23 billion. Meanwhile, the company handed in a light fourth-quarter revenue outlook . Shares edged lower in extended-hours trading. (Click here for after-hours quote.)

Citigroup - The financial giant held its first conference call after the closing bell with new CEO Michael Corbat . Shares were flat in extended-hours trading after rallying more than 1 percent in the regular trading session. (Click here for after-hours quote.)

CSX - The railroad company 44 cents a share on revenue of $2.89 billion. Analysts expected the company to post earnings of 43 cents a share on revenue of $2.93 billion. Shares edged higher in extended-hours trading. ( Click here for after-hours quote.)

Apollo Group - The for-profit education company posted earnings of 52 cents a share, topping expectations for 49 cents a share, but revenue was slightly lighter than expected. In addition, the company handed in a full fiscal-year 2013 revenue guidance that disappointed analysts, sending shares sharply lower in extended-hours trading. The company also said it plans to cut nearly 800 jobs. ( Click here for after-hours quote.)

Cree - The manufacturer of semiconductor materials and devices posted earnings of 27 cents a share, ex-items, edging past expectations by a penny. The company reported sales of $316 million, missing estimates for $318 million. In addition, the firm handed in current-quarter guidance that were in line with Wall Street estimates. Shares edged higher in extended-hours trading. ( Click here for after-hours quote.)

Intuitive Surgical - The medical device maker posted earnings of $4.46 a share, including one-time tax benefits, on sales of $538 million. Analysts expected the company to post a profit of $3.50 on revenue of $535 million. Still, shares declined in extended-hours trading. ( Click here for after-hours quote.)

Fortinet - The network security appliances company reported earnings and revenue that both matched Wall Street expectations. Still, shares plunged in extended-hours trading. (Click here for after-hours quote.)

(Read More: CNBC's Market Insider Blog )

—By CNBC's JeeYeon Park (Follow JeeYeon on Twitter: @JeeYeonParkCNBC)

Questions? Comments? Email us at marketinsider@cnbc.com

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  • Patti Domm

    Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.

  • A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

  • Sharon Epperson is CNBC's senior commodities and personal finance correspondent.

  • JeeYeon Park is a writer for CNBC.com. Follow her on Twitter: @JeeYeonParkCNBC

  • Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.

  • Senior Producer at CNBC's Breaking News Desk.

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