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After-Hours Buzz: GRPN, JCP, LTD & More

Check out which companies are making headlines after the bell Wednesday:

Groupon - The deal-of-the-day website posted earnings that missed estimates on revenue of $638 million, in line with expectations. In addition, the company handed in current-quarter earnings guidance that widely missed Wall Street projections. Shares plunged nearly 30 percent in extended-hours trading.

JCPenney - The mid-range department store chain posted a loss of $1.95 a share, excluding one-time items, on revenue of $3.88 billion, widely disappointing expectations for a loss of 18 cents a share on revenue of $4.09 billion. Shares fell sharply in extended-hours trading.

Limited Brands - The parent company of Victoria's Secret and Bath & Body Works posted earnings of $1.76 a share, excluding one-time items, on sales of $3.86 billion, exceeded expectations for $1.74 a share on revenue of $3.76 billion. But the company handed in current-quarter and full-year 2013 earnings guidance that missed expectations, sending shares lower in extended-hours trading.

Monster Beverages - The energy drinks maker posted earnings of 39 cents a share, missing expectations by 2 cents, while revenue was better-than-expected at $545 million versus estimates for $484 million. Shares tumbled in extended-hours trading.

BroadSoft - The voice over IP software company posted earnings of 47 cents a share, excluding one-time items, beating expectations for 41 cents a share, on revenue of $46 million matching Wall Street estimates. In addition, the company handed in current-quarter and full-year 2013 guidance that missed forecasts. Shares plunged in extended-hours trading after being briefly halted.

Nordstrom - The department store chain's board authorized a $800 million share repurchase program and increased its regular quarterly dividend to 30 cents a share from 27 cents a share. Shares gained in extended-hours trading.

Pandora - The music-streaming company said it will introduce a 40-hour limit on free mobile listening, adding that users will have to use PCs or pay to hear more.

Nabors Industries - The oil and gas company initiated a quarterly dividend of 4 cents a share.

Mead Johnson Nutrition - The infant formula maker increased its quarterly dividend by 13 percent to 34 cents a share from 30 cents a share.

MercadoLibre - The online trading and payments platform operator increased its quarterly dividend by 31 percent to 14.3 cents a share from 10.9 cents a share.

Fusion-io - Mizuho Securities initiated coverage of the computer hardware and software systems company with a "buy" rating and a price target of $22.

Riverbed Technology - The tech company announced CFO Randy Gottfried will retire in May. Ernie Maddock, currently chief financial officer at Lam Research, is expected to succeed Gottfried.

—By CNBC's JeeYeon Park (Follow JeeYeon on Twitter: @JeeYeonParkCNBC)

Questions? Comments? Email us at marketinsider@cnbc.com

Symbol
Price
 
Change
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GROUPON
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JCP
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LB
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VALE'A
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MNST
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LMCA
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LINTA
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NBR
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RVBD
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MJN
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FUSION IO
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BSFT
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LRCX
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MELI
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JWN
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PANDORA
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  • Patti Domm

    Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.

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