After-Hours Buzz: CSCO, AAPL, WFM & More
Check out which companies are making headlines after the bell Wednesday:
Cisco - The networking equipment maker reported earnings excluding items of 51 cents a share, edging past expectations by three cents, while revenue was mostly in line with estimates at $12.06 billion. In addition, the Dow component said it sees third-quarter revenue growth of between 4 to 6 percent from a year ago and its earnings guidance was in-line with expectations. Shares flip-flopped in extended-hours trading.
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Apple - The tech giant filed a response to a lawsuit by hedge fund Greenlight Capital and founder David Einhorn. Shares were largely unchanged in extended-hours trading.
Time Warner - The media company is in talks to divest most of its magazines to Meredith. However, the talks exclude Time, Sports Illustrated and Fortune magazines. Shares were slightly lower in extended-hours trading.
Whole Foods - The upscale grocery chain posted earnings of 78 cents a share, edging above estimates by one penny, while revenue was slightly lighter than expected at $3.86 billion versus expectations for $3.87 billion. Meanwhile, the company said it is lowering its full-year 2013 same-store sales growth, sending shares sharply lower in extended-hours trading.
Applied Materials - The chipmaker posted earnings of 6 cents a share, excluding one-time items, on revenue of $1.57 billion, topping forecasts for 3 cents a share on revenue of $1.55 billion. In addition, the company handed in current-quarter earnings guidance that was mostly in line with expectations. Shares gained in extended-hours trading.
Nvidia - The semiconductor company posted earnings of 28 cents a share on revenue of $1.11 billion, beating expectations for 24 cents a share on sales of $1.10 billion. But the company handed in current-quarter revenue guidance that fell short of estiamtes, sending shares lower in extended-hours trading.
Avis Budget - The car rental company posted a loss of 7 cents a share, in line with expectations, on revenue of $1.70 billion, topping expectations for $1.63 billion. But the company handed in a weaker-than-expected 2013 earnings outlook, sending shares lower in extended-hours trading.
Barnes & Noble - The bookstore chain said based on current forecasts, it expects its fiscal year 2013 Nook sales to be greater than it was in fiscal 2012 and expects 2013 Nook media revenues to be less than $3 billion. Shares fell in extended-hours trading.
EOG Resources - The oil and gas company posted earnings of $1.61 a share on revenue of $3.01 billion. Analysts expected earnings of $1.35 a share on sales of $3.04 billion. In addition, the company boosted its dividend by 10 percent, sending shares higher in extended-hours trading.
Weight Watchers - The dieting product and weight-loss services provider posted earnings of $1.03 a share on revenue of $408 million, exceeding Wall Street expectations for 87 cents a share on revenue of $398 million. But the company handed in a weaker-than-expected full-year 2013 earnings guidance, sending shares sharply lower in extended-hours trading.
TripAdvisor - The travel website posted earnings of 29 cents a share, excluding one-time items, on revenue of $169 million, edging past expectations for 27 cents a share on revenue of $167 million. In addition, the board authorized up to $250 million of share repurchases. Shares slid in extended-hours trading.
Zillow - The real estate database website posted earnings of 2 cents a share on revenue of $34 million. Analysts expected the company to break even for the quarter on revenue of $31 million. In addition, the company handed in current-quarter revenue guidance that was better than Wall Street forecasts. Shares jumped in extended-hours trading.
Skechers - The shoe company posted earnings of 8 cents a share on revenue of $396 million, blowing past expectations for a loss of 11 cents a share on sales of $338 million. In addition, the company said sales soared 39 percent in the quarter year-over-year. Shares surged in extended-hours trading.
ValueClick - The online advertising company posted earnings of 56 cents a share, excluding one-time items, on revenue of $200 million, beating estimates for 52 cents a share on sales of $198 million. In addition, the company handed in current-quarter profit and sales guidance that were in the higher-end of the expected range, sending shares higher in extended-hours trading.
Mondelez International - The snack and candy-maker posted earnings of 36 cents a share, excluding one-time items, on revenue of $9.49 billion, missing estimates for 38 cents a share on sales of $9.59 billion. The company also raised its 2013 earnings view to between $1.52 a share and $1.57 a share, excluding one-time items, which was still in the lower-end of the expected range, sending shares lower in extended-hours trading.
MetLife - The insurance company $1.25 a share on revenue of $18.36 billion, beating expectations for $1.18 a share on revenue of $17.25 billion.
—By CNBC's JeeYeon Park (Follow JeeYeon on Twitter: @JeeYeonParkCNBC)
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