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After hours buzz: Martha Stewart, Netflix & more

Traders work the floor of the New York Stock Exchange.
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Traders work the floor of the New York Stock Exchange.

Take a look at some of Wednesday's after-hours buzz:

Martha Stewart Omnimedia surged more than 25 percent in extended-hours trade on news that the media entity has entered into a 10-year partnership with marketing firm Meredith, which will take over ad sales, circulation and production of Martha Stewart Living and Martha Stewart Weddings magazines. Shares of Meredith were unchanged in after-hours trade.

Apple lost about 1 percent in after-hours trade on reported leaks of its new iPads ahead of an expected launch event on Thursday.

Wal-Mart fell 0.7 percent in extended-hours trade after the world's largest retailer cut its full-year sales growth forecast.

Netflix slid nearly 26 percent in after-hours trade after the video-streaming service reported subscriber growth figures were lower than expected, despite posting earnings in line with estimates.

EBay lost 3 percent in extended-hours trade after the e-commerce firm missed revenue expectations and reported disappointing guidance.

American Express declined 1 percent in extended-hours trade after the world's largest credit card issuer posted earnings that beat estimates and revenue that slightly missed expectations.

Las Vegas Sands gained nearly 2 percent in after-hours trade as the casino operator posted third-quarter earnings that matched expectations.

Hit by Netflix and market losses, the Nasdaq 100 ETF, the PowerShares QQQ Trust, lost nearly 1 percent in extended-hours trading.

The S&P 500 ETF, SPY, also declined more than 0.7 percent in after-hours trade.

Wires contributed to this report.