Check out the companies making headlines after the bell Tuesday:
Shares of troubled technology giant Yahoo dropped after the bell when a slew of news accompanied its quarterly earnings report.
Yahoo on Tuesday announced the latest in a long-standing tug-of-war with a vocal group of core investors: It will now consider a reverse spinoff, or the sale of its assets aside from its stake in Chinese e-commerce giant Alibaba.
Yahoo also revealed cost-shaving measures such as a 15 percent workforce cut, the closure of five offices,and the sale of other assets. The company expects annual savings of about $400 million from the moves, it said. The company separately said Charles Schwab would leave its board.