Check out the companies making headlines after the bell Tuesday:
Shares of Yahoo popped after sources told CNBC that the company will not move forward with a spin-off of its stake in Alibaba, and instead examine a deal involving its core business. The move comes amid uncertainty over whether the spin-off of its stake would be taxed.
Firearms maker Smith & Wesson posted earnings that beat estimates, but the stock was slightly lower in after-hours trading amid expectations of stronger guidance. The company did raise its third-quarter earnings and revenue outlook.
Shares of Wynn Resorts surged on news that its CEO has purchased over 1 million shares of the company. Stephen Wynn now owns 11,070,000 shares.
Krispy Kreme fell after revenue missed analysts' expectations in the third quarter. The doughnut maker met earnings estimates but international same-store sales fell nearly 4 percent.