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.