After-Hours Buzz: MAR, AMAT, NUVA & More

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


3M and Avery Dennison - The two companies have terminated the definitive agreement under which 3M would have purchased Avery’s office and consumer products business. (Click here for after-hours quotes.)

Marriott - The hotel chain posted earnings of 44 cents a share on revenue of $2.73 billion, topping expectations for 40 cents a share on sales of $2.65 billion. But the company handed in a weaker-than-expected current-quarter profit guidance. Still, shares gained in extended-hours trading. (Click here for after-hours quote.)

(Read More: Stocks Log Gains on Economic Data; H-P Skids)

Applied Materials - The tech company announced it will cut 6 to 9 percent of its global workforce, affecting 900 to 1,300 positions. Shares edged lower in extended-hours trading. (Click here for after-hours quote.)

NuVasive - The medical-device maker cut its third-quarter revenue guidance to $147 million, disappointing analysts who expected the company to hand in sales of $154 million. Shares plunged in extended-hours trading. (Click here for after-hours quote.)

Sysco - The food products distributor announced that Wayne Shurts has joined the company as EVP and Chief Technology Officer. Shurts was previously the CIO of Supervalu . (Click here for after-hours quotes.)

Morgan Stanley initiated coverage of Cubist Pharmaceuticals , Neurocrine Biosciences and NPS Pharmaceuticals with an "overweight" rating. Meanwhile, the firm started coverage of Optimer Pharmaceuticals with an "underweight" rating. (Click here for after-hours quotes.)

CollabRx - The data-analytics company announced a multi-year partnership agreement with Life Technologies , sending shares sharply higher in extended-hours trading. (Click here for after-hours quotes.)

(Read More:CNBC's Market Insider Blog)

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

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

  • Patti Domm

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

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    JeeYeon Park is a writer for CNBC.com. Follow her on Twitter: @JeeYeonParkCNBC

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    Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.

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