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After-hours buzz: Micron, Kraft, Tesla & more

Micron beats: Stock pops, then retreats

Check out the companies making headlines after the bell Wednesday:

Micron - The chipmaker of 81 cents per share on revenue of $4.17 billion, topping expectations on both the top and bottom lines. The stock popped more than 4 percent after the announcement, before turning lower on disappointing revenue guidance.

Tesla - The electric carmaker posted an April Fool's prank on its website announcing the Model W, which turned out to be a fictitious watch. Still, shares jumped after some media outlets published the joke as news.

Kraft and Mondelez shares inched lower after the CFTC said it would charge the two sister companies with manipulation of wheat futures and cash wheat prices. Kraft expects no material impact from the complaint, according to Reuters.

Morgan Stanley - The wealth management firm's shares were slightly higher in extended trading after it said CEO James Gorman's compensation rose 25 percent from a year ago.

GoDaddy - Shares of the Internet services provider fell in extended trading after rallying about 31 percent in its first day of trading on the NYSE.