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Today was packed with important earnings reports from many different sectors across the street. I thought it would be helpful to readers if I provided an earnings review of some of the more notable reports from today.

Earnings Breakdown

• Intel Corporation (Nasdaq:INTC)- I start with Intel because of the importance of this report. The company beat estimates by a penny and provided terrific guidance for its all important gross margin figure.
• Yahoo Inc. (Nasdaq:YHOO)- The company posted results that showed a nice rebound in advertising and gave hope that the company may be in the very early stages of a turnaround. The company beat solidly on the revenue side, and its stock is shooting higher in extended hours trading.
• CSX Corporation (NYSE:CSX)- CSX reported a 24% jump in its profits from last year. Analysts had expected 62 cents a share, and the company reported 67 cents per share.
• Jefferies Group Inc. (NYSE:JEF)- Jefferies missed analysts estimates by 6 cents and the stock was hit hard today. The high-yield bond business was largely responsible for this miss.
• Johnson & Johnson (NYSE:JNJ)- The company beat analysts estimates by 7 cents and guided next years estimates higher saying that cost improvements will drive the bottom line.
• International Business Machines Corporation (NYSE:IBM)- The company reported a 16% increase in earnings from last year. The stock is under some pressure this evening after its gross margins fell from a year ago.
• Posco (NYSE:PDX)- The South Korean company unexpectedly reported a decrease in its earnings from last year and also cut its estimates for next year. The stock was hit hard today, losing almost 9%.