Check out the companies making headlines after the bell Thursday:
Herbalife shares rocketed 12 percent after it apparently neared a settlement with the Federal Trade Commission in a long-running investigation of its practices. The company said it could face a payment of about $200 million and that its discussions with the FTC are in the advanced stages.
The company also reported a beat on quarterly results. Herbalife saw earnings of $1.36 per share, excluding one-time items, on revenues of $1.12 billion for the quarter. Analysts had expected the company to report earnings of $1.09 per share on revenue of $1.07 billion.
Shares of Square plummeted 13 percent after the company posted another loss in its second-ever quarterly report. The payment processing company saw a quarterly loss of 14 cents per share on revenue of $379 million. Wall Street had expected the company to post a loss of 9 cents a share on revenues of $344 million.