After-hours buzz: Smith & Wesson, TiVo, Bob Evans & more

Check out which companies are making headlines after the bell Tuesday:

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Scott Mlyn | CNBC

Smith & Wesson - The firearm manufacturer beat fiscal third-quarter earnings expectations of 11 cents a share by 9 cents, while revenue totaled $131 million, which was better than the $123 million analysts had projected. The stock rallied as much as 10 percent in extended trading.

TiVo - The DVR provider posted fourth-quarter earnings of 7 cents a share on $92 million in revenue, topping estimates of 4 cents a share and $90 million in revenue. Shares increased more than 5 percent in after-hours trading.

Bob Evans Farms - Shares tanked some 23 percent after the food producer missed revenue and earnings forecasts and noted that it would not split its restaurant and grocery businesses. However, the company said it hired JPMorgan to advise it on potential real-estate transactions.

Target - The retailer's shares edged higher after it announced a new round of job cuts as a part of a $2 billion cost-savings plan.

AeroVironment - The maker of unarmed aircraft systems rose about 2 percent after it reported fiscal third-quarter earnings of 10 cents a share, down from 49 cents a share in the year-earlier period, while revenue fell 1 percent from a year ago.

GameStop - The video game retailer boosted its annual dividend by 9 percent to $1.44 per share. The stock rose modestly in after-hours trading.