2013.04.1702:50:01UTC+00Yahoo shares tumble after hours on results

Yahoo Inc. shares decline after the market close Tuesday following the struggling Internet search firm’s first-quarter results.

Shares of Yahoo relinquished 4.5% to $22.73 in heavy late trading after display-ad revenue proved to be a “disaster,” according to one analyst.

During Yahoo’s earnings call, Chief Executive Marissa Mayer stated she expects improvement in display ads in the second half of the year.

Shares of Intel Corp. fluctuated between slight gains and losses with heavy volume after hours, after the tech bellwether reported a 17% downturn in first-quarter earning due to declining PC sales. They were up 0.3% to $21.98 late in the after-hours session with Wall Street expectations, but the chip maker also slash its full-year capital spending plan by $1 billion. The firm also announced it would name its new chief executive by May 16.

Likely trading in conjunction with Intel, shares of Cisco Systems Inc. were among the most-actively traded after hours, though shares were unaltered at $21.16.

CSX Corp. gave up 1.3% to $23.83 after hours on moderate volume after the railroad company broadcasted lesser volume but topped Street calculations. CSX, a Dow transports component, also boosted its quarterly dividend by 7% to 15 cents a share.

Interactive Brokers Group Inc. surrendered 0.4% to $14.03 in light volume after posting lesser-than-expected profits and revenue.

United Rentals Inc. downgrades 3.1% to $50.62 on fairly light volume after the equipment-rental company’s quarterly revenue fell just short of analysts’ calculations.

Linear Technology Corp. dive 3.2% to $35.50 in moderate trading even after the chip maker topped consensus figures from analysts.