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After-hours buzz: HP, PVH, Guess, NetApp & more

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Check out the companies making headlines after the bell Wednesday:

Shares of HP Inc. whipsawed after the company reported mixed quarterly earnings amid declining revenue. The computer hardware company, which was once tied to business-service company Hewlett Packard Enterprise, posted earnings of 41 cents per share on $11.59 billion in revenue. Wall Street expected earnings of 38 cents per share on $11.72 billion in revenue, according to a Thomson Reuters consensus estimate.

Those results represented a roughly 11 percent decline in revenue over the comparable year-ago period, HP said.

An employee selects a HP EliteDesk desktop computer in a warehouse.
HP reports mixed quarter, falling PC and printing revenues

Shares of Williams-Sonoma rose after the brand behind West Elm and Pottery Barn earned more than expected in the fiscal first quarter. The home furnishings company reported earnings of 53 cents per share, adjusted, on sales of $1.1 billion, compared to expectations of 50 cents per share on revenue of $1.08 billion expected by a Thomson Reuters consensus estimates. Sales of new homes have increased more than expected this spring.

PVH, the company behind Tommy Hilfiger and Calvin Klein brands, saw shares pop after it capped analyst estimates. PVH posted earnings of $1.50, excluding items, on sales of $1.92 billion. Analysts expected $1.43 per share on revenues of $1.9 billion, according to a Thomson Reuters consensus estimate.

Despite a difficult U.S. retail market, CEO Emanuel Chirico said PVH was able to grow thanks to outperformance in key markets Europe and China.

But denim brand Guess sank after its fiscal first-quarter earnings fell short of expectations. The Los Angeles-based company posted an adjusted loss of 23 cents per share on revenue of $448.8 million. Wall Street expected a loss of 19 cents per share on sales of $463.2 million, according to the Associated Press.

"I had highlighted on our last earnings call that the first six months of the year would be a transition period," CEO Victor Herrero said, in a statement, adding that the month of April was especially tough for Guess. "The start to the year has been a bit more challenging than we anticipated especially in the Americas and to a lesser extent in Greater China."

Picking winners in an upside down market

Technology company NetApp also tumbled after posting quarterly earnings. The enterprise IT company posted earnings of on revenue of 55 cents per share on revenue of $1.38 billion. CEO George Kurian said the company is continuing to pivot to the "growth segments of the market" while cutting costs.

Popeyes Louisiana Kitchen's stock fell after hours as the Southern-style fast-food chain reported quarterly earnings.

The company recorded earnings of 58 cents per diluted share on revenue of $82.2 million. Despite a boost by favorable chicken and grocery costs, the company was weighed down by higher labor costs and administrative spending on new initiatives, the company said in a press release.

— CNBC's Everett Rosenfeld and Alex Crippen contributed to this report.