Check out which companies are making headlines after the bell on Wednesday:
NetApp spiked more than 10 percent in extended trade Wednesday after the company reported adjusted earnings of 60 cents a share, beating EPS estimates of 54 cents. The storage and data management company missed Wall Street's revenue expectations, reporting revenues of $1.34 billion, missing estimates of $1.36 billion.
Cisco fell more than 4 percent after its earnings report. The networking hardware company reported first-quarter earnings of 61 cents per share, beating estimates of 59 cents a share. Cisco also posted revenues of $12.35 billion beating estimates of $12.33 billion. Its first-quarter gross margins and operating margins came in above estimates. However, it gave weak earnings and revenue guidance for its upcoming second quarter.
First Solar shares plunged as much as 15 percent in extended trade. The company offered new financial guidance for 2017 revenues between $2.5 billion and $2.6 billion. Analysts were, on average, looking for about $2.98 billion. It expects between a break even and earnings of 50 cents a share in 2017, while analysts expected EPS of $1.94. First Solar also announced product changes and restructuring charges, saying it expected to cut 1,600 jobs.
L Brands shares dropped about 2 percent after the bell. The fashion retailer reported earnings of 42 cents a share, beating EPS estimates of 40 cents. The company also beat on revenue, reporting $2.58 billion in sales, compared with estimates of $2.56 billion. The company also gave weak fourth-quarter earnings guidance.
Correction: This story has been revised to correct NetApp's earnings report.