After-hours buzz: Facebook, Visa, Starbucks & more
Check out which companies are making headlines after the bell Wednesday:
Facebook – The social-networking website posted earnings of 25 cents a share, excluding one-time items, on revenue of $2.02 billion, exceeding Wall Street forecasts for 19 cents a share on sales of $1.91 billion. Shares spiked more than 15 percent in extended-hours trading.
Visa - Shares fell in extended-hours trading after the global payments company reported earnings of $1.85 a share on revenue of $2.97 billion. Analysts expected Visa to earn $1.85 a share on revenue of $3.02 billion.
Starbucks – The coffeehouse giant posted earnings of 63 cents a share, topping expectations for 60 cents a share, while revenue was in line with expectations at $3.8 billion. Still, shares declined in extended-hours trading.
Metlife -The insurance company reported earnings of 84 cents a share, less than the estimated $1.35 earnings per share. The company reported $16.34 billion in revenue, below the $17.20 billion anticipated by analysts. Its shares edged lower in extended-hours trading.
Expedia. The online travel site reported earnings of $1.43 a share, beating estimates for $1.35 a share, while revenue of $1.40 billion came in above expectations of $1.37 billion. Shares jumped in extended-hours trading.
Kraft Foods – The food processing company posted earnings of 65 cents a share, ex-items, on revenue of $4.39 billion, falling short of projections for 69 cents a share on sales of $4.56 billion. Shares were largely unchanged in extended-hours trading.
Weight Watchers – The weight management company posted earnings of $1.07 a share on revenue of $393 million, topping expectations for 83 cents a share on sales of $387 million. But the company suspended its quarterly dividend payout. Shares tumbled in extended-hours trading.
—By CNBC's JeeYeon Park and Kate Gibson
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