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After-hours buzz: MU, SHLD, ACIA, TMH

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

Shares of Micron Technology dropped about 4 percent in after-hours trading Tuesday after the company reported earnings. The chip-maker reported a loss of 5 cents per share, beating estimates of a loss of 12 cents per share. Micron's quarterly revenue of $3.22 billion also beat analyst estimates of $3.15 billion.

Sears Holdings stock dropped about 1 percent after the bell. Shares spiked earlier in the day after a report that Sears was accepting bids for its Craftsman business. Interested bidders included Stanley Black & Decker and Hong Kong-based Techtronic Industries, the report said, citing sources familiar with the matter. Sears and Black & Decker declined to comment to CNBC.

Acacia Communications stock spiked nearly 6 percent after the company provided unaudited preliminary third quarter results above analysts expectations. The company now expects adjusted earnings of 83 cents to 90 cents per share on revenue of $130 million to $133 million, according to a Tuesday SEC filing. Analysts had originally projected Acacia to report third quarter earnings of 74 cents per share on revenue of $129 million, according to a Thomson Reuters consensus estimate. The company also announced it would be issuing 4.5 million more shares in a separate release.

Shares of Team Health spiked 16 percent late Thursday after a report that the health-care services company is discussing a possible sale. Team Health is in talks with Blackstone Group and Bain Capital and could strike a deal as soon as this month, The Wall Street Journal reported, citing people familiar with the matter.

--CNBC's Christine Wang contributed to this report.