Check out the companies making headlines after the bell Thursday:
Shares of Intel fell nearly 3 percent after the company announced it would cut 12,000 jobs or roughly 11 percent of its workforce. The company plans to finish this restructuring by 2017. The company also said its CFO Stacy Smith will be transitioning to a new leadership role in sales.
Intel also reported first-quarter earnings of 54 cents a share excluding items. Analysts had expected the company to report earnings of 48 cents a share, according to a consensus estimate from Thomson Reuters.
Yahoo rose more than 1 percent after the company posted earnings slightly above analyst estimates. The struggling internet giant posted earnings of 8 cents per share on $1.09 billion in revenue. Analysts expected Yahoo to report earnings of about 7 cents per share on about $1.08 billion in revenue, according to a consensus estimate from Thomson Reuters.