Market Insider

After-hours buzz: Disney, Tesla, Allergan & more

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Check out the companies making headlines after the bell Monday:

Disney's shares edged lower after an executive who was eyed as a potential CEO contender announced his departure. Thomas Staggs said he would leave his post as chief operating officer May 6, though he would remain in the company as special advisor to the CEO.

Staggs was widely thought to be the successor to now-CEO Bob Iger, The New York Times reported. Iger will step down in about two years, Disney said in a statement, as the board expands its succession planning.

An employee works on a Telsa Model S sedan on an assembly line at the company's assembly plant in Fremont, Calif.
Tesla shares dip as it misses Q1 shipment expectations

Tesla Motors shares dipped in extended trading Monday after the electric-car company reported fewer first-quarter deliveries than expected. The luxury car brand delivered 14,820 vehicles in the first quarter, below the 16,000 expected by Wall Street.

The news came after the stock closed nearly 4 percent higher in regular trade amid blockbuster sign-ups for the newly unveiled Tesla Model 3.

Shares of drugmaker Allergan tumbled after reports that new Treasury rules would affect Allergan's merger with Pfizer. The new rules would discourage U.S. companies from moving overseas for tax purposes, known as "inversions." The regulations could limit the financial benefits of the tie-up between New York-based Pfizer and Dublin-based Allergan, The Wall Street Journal reported.

Tom Staggs, COO of The Walt Disney Company
Thomas Staggs, heir apparent to Disney's Iger, steps down

Dave and Buster's shares fell after the food and arcade venue chain announced a share offering. The Dallas-based company launched a 3.5-million share offering for holder Oak Hill, according to StreetAccount.

Fiat Chrysler shares were higher after Italian media reported that a former Fiat chairman was linked to a media investigation into Panama's offshore tax havens. Luca Cordero di Montezemolo declined to comment on the findings, the Associated Press reported.

Mobile carrier Sprint saw shares pop after reports that Sprint customers would gain access to an Amazon Prime add-on for $10.99 a month. The Sprint deal offers customers the chance to pay a slight premium for month-to-month access, International Business Times reported.

— CNBC's Everett Rosenfeld and Phil LeBeau contributed to this report.