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After-hours buzz: Apple, Microsoft, GoPro & more

Check out the companies making headlines after the bell Tuesday:

Traders work on the floor of the New York Stock Exchange, March 5, 2015.
Brendan McDermid | Reuters
Traders work on the floor of the New York Stock Exchange, March 5, 2015.

Apple shares tanked about 7 percent after the iPhone beat earnings expectations, but only by a small margin. The tech giant reported third-quarter profit of $1.85 a share on revenue of $49.61 billion. Wall Street was looking for profit of $1.81 per share on $49.43 billion.

Shares of wearable camera maker GoPro declined, although the company beat expectations—sales surged more than 71.7 percent from a year ago. However, the stock swung higher after it issued strong revenue and profit guidance during its earnings call. The stock was last up about 3 percent.

Microsoft beat on the top and bottom lines, but the Windows maker took a hit from restructuring charges and low demand for core offerings.

Yahoo's stock slipped more than 1 percent after the Internet giant missed earnings projections although sales beat. The company forecast third-quarter revenue that was below average estimates.

Restaurant operator Chipotle Mexican Grill reported higher-than-expected earnings, but revenue trailed Street projections, sending the stock down as much as 4 percent in extended trading. Comparable-store sales also came in below estimates, growing just 4.3 percent, versus expectations of for a rise of 5.7 percent. The stock turned positive after it said the company told investors on its earnings call that it expects slightly better sales in July.

Zillow, the online real estate provider, said current shareholders of class A and class B shares will receive two shares of its newly created class C capital stock. Zillow will issue the dividend on August 14. The non-voting C shares will trade under the ticker symbol "Z" and the Class A common stock will trade under the ticker symbol "ZG." Shares were about 2 percent lower after hours.