Check out which companies are making headlines after the bell Tuesday:
Wet Seal—The teen apparel retailer posted earnings of 3 cents a share on sales of $140 million, edging past expectations for a penny a share on sales of $139 million. In addition, the company handed in current-quarter guidance that beat Wall Street estimates, sending shares sharply higher in extended-hours trading.
(Read More: Stocks End Higher, Dow Closes at Record High)
Wal-Mart—The big-box retailer entered into plea agreements with with the U.S. Attorneys' Offices in the Northern and Central Districts of California and the U.S. Attorney's Office for the Western District of Missouri regarding misdemeanor violations of certain environmental laws. Shares were largely unchanged in extended-hours trading.
Guidewire Software—The tech company posted earnings of 4 cents a share, excluding one-time items, on sales of $68 million, topping expectations for 3 cents a share on revenue of $64 million. Shares rallied in extended-hours trading.
Cerner—The health care information technology company's board approved a 2-for-1 stock split. Shares edged higher in extended-hours trading.
Air Lease—The aircraft leasing company announced a long-term lease agreement with Etihad Airways for one new Airbus A321-200 aircraft, scheduled for delivery in April 2015.