Intel
Intel Corp. (NASDAQ: INTC) shares dropped over 4 percent in extended-hours trading on Thursday after the chip maker reported fiscal fourth-quarter earnings of $2.6 billion, or 51 cents a share, compared with $2.5 billion, or 48 cents a share, a year-ago. Reuters

U.S. stocks closed mixed on Thursday after investors weighed a series of weaker-than-expected corporate earnings from Citigroup Inc. (NYSE: C) and Goldman Sachs Group Inc. (NYSE: GS).

The Dow Jones industrial average fell 64.93 points or 0.39 percent, to close at 16,417.01. The S&P 500 lost 2.49 points or 0.13 percent, to end at 1,845.89. The Nasdaq Composite added 3.80 points or 0.09 percent, to finish at 4,218.69.

After the closing bell, Intel Corporation (NASDAQ: INTC) shares dropped over 4 percent as the company reported fiscal fourth-quarter earnings of $2.6 billion, or 51 cents a share, compared with $2.5 billion, or 48 cents a share, a year-ago. Revenue rose to $13.8 billion, compared with $12.5 billion in the year-earlier period.

Wall Street had expected the chipmaker to issue earnings per share of 52 cents on revenue of $13.72 billion for the previous quarter, according to Reuters.

"We had a solid fourth quarter with signs of stabilization in the PC segment and financial growth from a year ago," said Intel CEO Brian Krzanich. “We’ve built a strong foundation for our business by bringing innovation to the market more quickly across a wide range of computing platforms. For example, at CES, we demonstrated multiple devices that weren’t on our roadmap six months ago."

Although Intel Corp. beat Wall Street expectations on revenue, the company missed on EPS and provided flat guidance for investors. Intel reported full-year net income of $9.6 billion, or EPS of $1.89, on revenue of $52.7 billion. Meanwhile, Intel forecast revenue of $12.8 billion, plus or minus $500 million, for the first quarter, while analysts had expected the company to issue a forecast of $12.79 billion for the current quarter, according to Reuters.

On Thursday, shares of Intel fell 4.67 percent to $25.30 in extended-hours trading after the company predicted flat PC sales for 2014.

Also after the bell, American Express Company (NYSE: AXP) said fiscal fourth-quarter net income increased to $1.31 billion, or $1.21 per share, compared with $637 million, or 56 cents per share, in the same year-ago period. Earnings per share, excluding items, came in at of $1.25, while revenue rose 5 percent to $8.55 billion.

Analysts had expected the company to report EPS of $1.26 on sales of $8.54 billion, according to Reuters.

“Fourth quarter results reflected a healthy increase in billed business in the U.S. and internationally, said Kenneth I. Chenault, chairman and chief executive officer. “We enter 2014 with good momentum and the flexibility to make investments aimed at building on the strength of our performance during the past several years.”

For the full year, the company reported net income of $5.4 billion, up 20 percent from $4.5 billion a year ago.

Shares of American Express edged down 0.22 percent to $87.59 after the bell.

Ahead of the bell, Best Buy Co., Inc. (NYSE: BBY) shares plunged 28.59 percent on Thursday to close at $26.83 after the electronics retailer announced holiday same-store sales fell due to competitive discounting by rivals.

The retailer said domestic revenue of $9.75 billion declined 1.5 percent in the nine weeks ended Jan. 4 versus last year, while international revenue of $1.70 billion declined 8.0 percent compared with the year ago period.

“When we entered the holiday season, we said that price competitiveness was table stakes and an intensely promotional holiday season is what unfolded,” said Hubert Joly, Best Buy president and CEO. “Looking ahead, our holiday performance reinforces our resolve and our sense of urgency around our transformation.”

In after-hours trading, Best Buy stock rose 1.68 percent to $27.28.

In other news, shares Facebook Inc. (NASDAQ: FB) edged down 0.71 percent to $57.19 after the company announced a new “Trending” feature, created to highlight content that has spiked in popularity based on people's interests that will be placed at the top right of a user’s News Feed.

“Today we're announcing Trending, a new product that's designed to surface interesting and relevant conversations in order to help you discover the best content from all across Facebook,” the company said in a statement. “Trending is currently rolling out on web in select countries and we are going to continue to test on mobile.”

Facebook stock edged up 0.09 percent to $57.24 in extended-hours trading.

Notable companies reporting earnings on Friday include Morgan Stanley (NYSE: MS) and General Electric Co. (NYSE:GE).