After-hours buzz: Quiksilver, Krispy Kreme, International Paper & more

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

Krispy Kreme - The doughnut maker posted earnings of 23 cents a share, excluding one-time items, in line with expectations. But the company reported sales of $122 million, missing estimates for $127 million. In addition, the company cut its full-year guidance. Shares dropped sharply in extended-hours trading.

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Quiksilver - The teen apparel retailer disappointed with a loss of 15 cents a share on revenue of $408 million, missing estimates for a loss of 2 cents a share on sales of $449 million. Shares plunged in extended-hours trading.

International Paper - The company promoted senior vice president Mark Sutton as its new president and COO, effective immediately. Shares ticked higher in extended-hours trading.

Fortune Brands - The company announced a $250 million stock buyback program over the next two years. Shares were unchanged in extended-hours trading.

Jefferies initiated coverage of Applied Materials and Lam Research with a "buy" rating and price targets of $28 and $75, respectively. Shares of both companies edged higher in extended-hours trading. Meanwhile, the brokerage started coverage of KLA-Tencor with a "hold" rating and a $69 price target. Shares were largely unchanged.

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—By CNBC's JeeYeon Park