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After-Hours Buzz: Hewlett-Packard, JC Penney, Tesla & More

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

Hewlett-Packard reported fiscal second-quarter earnings excluding items of 87 cents per share, beating forecasts by 6 cents. But revenue came in at $27.58 billion, missing Street forecasts. For the fiscal third quarter, HP said it expects earnings of 84 to 87 cents a share vs. expectations of 83 cents a share. The stock is up more than 10 percent in late trading.

JC Penney said its five-year credit facility has increased to $2.25 billion from $1.75 billion. The company said the new funding gives it the flexibility it needs to "pursue our plans to put the company back on a path to profitable growth."

Tesla Motors announced that it has paid off the entire loan awarded to the company by the Department of Energy in 2010.

Pet-supply retailer PetSmart posted earnings of 98 cents per share for the first quarter as same-store sales rose 3.5 percent. Earnings beat analyst forecasts. For the second quarter, PetSmart expects earnings of 82 cents to 86 cents per share with same-store sales up 3 percent to 4 percent. Shares are higher in late trading.

L Brands, parent of retail chains Victoria's Secret and Bath & Body Works, beat Street forecasts for the first quarter, posting earnings of 48 cents per share on sales of $2.27 billion. For the second quarter, the retailer sees earnings of 50 to 55 cents per share. Analysts are looking for 53 cents per share.

Workday, an enterprise cloud-software company, posted a first-quarter loss of 15 cents per share excluding items as revenue rose 61 percent to $91.6 million. Results were better than forecasts. The company sees second-quarter revenue of $97 million to $101 million, versus forecasts for $99 million. The stock is up after-hours.

Synopsys, a chip design-software manufacturer, recorded second-quarter earnings excluding items of 66 cents per share, beating estimates by 3 cents. The company also raised its full-year guidance, sending shares higher in late trading.

Chip maker Semtech posted first-quarter earnings of 46 cents per share excluding items, meeting Street forecasts, on revenue of $162.4 million. Second-quarter adjusted earnings are expected to be 50 to 56 cents per share on sales of $164 million to $172 million.

(Read More: CNBC's Market Insider Blog)

By CNBC's Justin Menza. Follow him on Twitter @JustinMenza.

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

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