After closing 1.78% higher during regular trading hours, shares of Intel Corporation (NASDAQ:INTC) continue to edge higher in late trading. The street has been impressed with Intel’s latest earnings, which saw net income increase 17% and revenue surge 29%. Competitors Texas Instruments (NYSE:TXN) and Advanced Micro Devices (NYSE:AMD) are trading lower.
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Shares of Apple (NASDAQ:AAPL) continue to struggle to regain the $400 price level. Shares are down .14% to $392.33 after the closing bell. The company competes with Microsoft (NASDAQ:MSFT) and Google (NASDAQ:GOOG).
Although General Electric (NYSE:GE) shares closed 1.92% lower on Friday, they are rebounding .40% in extended trading. On Friday, the company reported third-quarter earnings. Net income for General Electric Company rose to $3.22 billion (22 cents per share) vs. $2.06 billion (18 cents per share) in the same quarter a year earlier. This marks a rise of 57% from the year earlier quarter. Competitors include: Siemens AG (NYSE:SI), 3M Company (NYSE:MMM), Hitachi, Ltd. (NYSE:HIT), United Technologies Corp. (NYSE:UTX).
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Shares of WebMD (NASDAQ:WBMD) are attracting attention as legendary investor Carl Icahn discloses that he owns about 8% of the online medical company. Shares are popping more than 5% as Icahn says the company is undervalued.
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