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After-hours buzz: Intel, Yahoo, VMware & more

Pedestrians walk past the New York Stock Exchange in New York.
Scott Eells | Bloomberg | Getty Images
Pedestrians walk past the New York Stock Exchange in New York.

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.

Discover Financial gained 4 percent after the credit card company posted earnings of $1.35 per share, which came in higher than consensus estimates of $1.29 according to Thomson Reuters. The company also said quarterly Discover card sales volume increased 4 percent year over year.

Intuitive Surgical shares rose 2 percent after the firm reported a quarterly net profit of $136 million or $3.54 per share that beat expectations. Analysts had expected the company to report a diluted net profit of $3.43 per share according to a consensus estimate from Thomson Reuters.

Shares of VMware jumped 10 percent after the company posted a larger-than-expected increase in quarterly revenue. The company reported that growth in its new software offerings offset declining demand for its traditional server-virtualization software.

— Reuters contributed to this report.