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Stocks to Watch: AKAM, CROX & More

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

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Akamai - The Internet content delivery company posted earnings that beat Wall Street expectations, thanks to stronger demand. The firm posted 41 cents a share, excluding one-time items, topping estimates for 38 cents a share. Shares jumped in after-hours trading. In addition, Akamai announced that CEO Paul Sagan plans to transition out of his post by the end of 2013. (Click here for after-hours quotes)

H&R Block - The tax preparer announced a broad strategic realignment, including plans to cut nearly 350 full-time positions. Overall, the firm expects to realize net annualized savings of $85 million to $100 million by the end of fiscal year 2013. Shares tumbled in after-hours trading. (Click here for after-hours quotes)

Crocs - The shoe manufacturer beat earnings expectations, reporting a profit of 31 cents a share on sales of $272 million. Analysts were expecting earnings of 26 cents a share on revenue of $267 million. Still, shares plunged sharply in extended-hours trading after the firm handed in a disappointing outlook for the current quarter. (Click here forafter-hours quotes)

Varian Medical System - The medical devices maker posted quarterly earnings that missed expectations and handed in a disappointing outlook for the current quarter. The firm posted earnings of 94 cents, against expectations for a profit of 96 cents a share. Shares of the company fell in extended-hours trading. (Click here for after-hours quotes)

Watson Pharmaceuticals - Watson rallied after the company announced it will acquire rival Actavis in a deal worth around $5.94 billion. (Click here for after-hours quotes)

Las Vegas Sands - The integrated resort company topped earnings estimates, reporting a profit of 70 cents a share on sales of $2.76 billion. Analysts had expected earnings of 60 cents a share on revenue of $2.62 billion. Shares toggled in and out of positive territory in extended-hours trading. (Click here for after-hours quotes)

Cheesecake Factory - The restaurant chain posted quarterly results that missed Wall Street estimates, pushing shares lower in after-hours trading. The company reported earnings of 37 cents a share on revenue of $436 million. Analysts had expected the firm to post a profit of 49 cents a share on sales of $458 million. (Click here for after-hours quotes)

Owens-Illinois - The glass products maker posted earnings that beat expectations, reporting a profit of 73 cents a share versus an estimated 69 cents a share. But the firm reported a slight miss on revenue, posting $1.74 billion against estimates for $1.76 billion. Shares were lower in after-hours trading. (Click here for after-hours quotes.)

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