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Market Update : 
Intel, Yahoo Trade Lower After the Close
Author: 123jump.com Staff
123jump.com
Last Update: 4:49 PM EDT July 17 2007

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After the close in New York trading, flood of earnings continued. Yahoo reported earnings of 11 cents per share, flat from a year ago on revenue gain of 8%. The company free cash flow and net income declined. Intel reported 44% jump in earnings but gross margins declined to 46% from 52% a year ago. The company guided revenue between $9 and $9.6 billion in the third quarter. Intel declined $1 and Yahoo fell 75 cents in after hours trading.

 
Crude oil for August delivery advanced 22 cents to close at $74.15, which is the highest settlement since Aug. 11 last year.

Gasoline futures shed 9.86 cents to $2.1262 a gallon.

Wheat for September delivery lost 19 cents to settle at $6.0175 a bushel.

December corn declined 20 cents to end at $3.485 a bushel;

December oats closed down 18.5 cents at $2.5525 a bushel while November soybeans slipped 50 cents to settle at $8.9875 a bushel.
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