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After-hours buzz: WTW, PANW, GPS, KHC & more

A trader on the floor of the New York Stock Exchange.
Carlo Allegri | Reuters

Check out the companies making headlines after the bell Thursday:

Shares of Weight Watchers fell more than 15 percent in extended trading on Thursday after the company reported a decline in fourth-quarter sales as subscriptions fell. The weight management services provider reported a net loss of $11.3 million, or 18 cents per share, in the quarter ended Jan. 2, compared with net income of $4.4 million, or 8 cents per share, a year earlier. Active subscribers fell 4.8 percent in the quarter.

Gap shares moved lower after the bell when the retailer posted quarterly results that largely met expectations but forecast that it could face a challenging year ahead. The company reported fiscal fourth-quarter earnings of 57 cents per share, adjusted, on $4.39 billion in revenue. Analysts expected Gap to report earnings per share of 57 cents on revenue of $4.46 billion, according to Thomson Reuters consensus estimates.

"With a year of transition behind us, I'm confident that we have the right strategies in place to fuel our long-term growth," said Art Peck, Gap's chief executive officer, in a statement.