Check out the companies making headlines after the bell Wednesday:
Macy's stock whipsawed after the bell, dipping sharply before making a steep recovery. The company reported November and December comparable sales that fell 5.2 percent and cut its fourth-quarter and 2015 earnings-per-share guidance. Macy's CEO Terry Lundgren blamed unseasonably warm weather for weak sales. The retail giant also announced restructuring measures to be implemented early this year, including job cuts and store closings.
Shares of competing retailer Nordstrom rose in after-hours trading. On Tuesday, Citi downgraded its shares to "neutral" from buy," saying Nordstrom's best-in-class positioning wouldn't be able to bear the challenges department stores are currently facing.