Market Insider

After-hours buzz: Yahoo, Analog Devices, Etsy & more

Check out the companies making headlines after the bell Tuesday:

Traders work on the floor of the New York Stock Exchange.
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Analog Devices beat estimates of 72 cents a share by a penny, while second-quarter revenue totaled $821 million, which was slightly better than forecasts for $820 million. However, the stock fell about 1 percent after the announcement.

Etsy shares tumbled nearly 15 percent after the e-commerce website posted a first-quarter loss of 84 cents a share on revenue of $59 million. The company also said it expects hiring pace to increase during the current quarter.

Yahoo slipped after a report said the Internal Revenue Service was mulling a rule-change that could complicate the media firm's efforts to exit its stake in Alibaba, according to Bloomberg. Shares closed about 8 percent lower before swinging higher in after-hours trading.

Computer Sciences rose more than 5 percent in extended trading after the IT provider said it would split its consume r and government businesses into two publicly traded companies. The company declared a special cash dividend of $10.50 per share as a part of the deal.

Norwegian Cruise Line dropped more than 2 percent after it announced a secondary offering of 20 million shares by selling shareholders.

Sarepta shares surged more than 30 percent after the biopharmaceutical firm announced plans to submit a rolling new drug application to the FDA for its Eteplirsen drug. The process allows completed portions of the application to be submitted and reviewed on an ongoing basis.