Check out which companies are making headlines after-the-bell Wednesday:

Hewlett-Packard - The Dow component posted earnings of 98 cents a share on revenue of $30.7 billion, easily topping expectations for 91 cents a share on sales of $29.92 billion. In addition, the firm announced it will cut 27,000 positionsas part of restructuring efforts. Shares jumped in extended-hours trading. (Click here for after-hours quote.)