After-hours buzz: YHOO, CMG, MTCH & more
Check out the companies making headlines after the bell Tuesday:
Shares of troubled technology giant Yahoo dropped after the bell when a slew of news accompanied its quarterly earnings report.
Yahoo on Tuesday announced the latest in a long-standing tug-of-war with a vocal group of core investors: It will now consider a reverse spinoff, or the sale of its assets aside from its stake in Chinese e-commerce giant Alibaba.
Yahoo also revealed cost-shaving measures such as a 15 percent workforce cut, the closure of five offices,and the sale of other assets. The company expects annual savings of about $400 million from the moves, it said. The company separately said Charles Schwab would leave its board.
Chipotle's shares also dipped in extended trade amid falling same store sales and increased regulatory scrutiny. The fast-casual dining chain beat Wall Street's earnings expectations but missed slightly on revenue estimates as sales at established restaurants fell 14.6 percent in the fourth quarter. The Denver-based company also revealed that a recent food-safety scandal has become the subject of an expanded criminal probe by federal prosecutors in central California.
Match Group's stock declined after hours when the firm reported a 26 percent year-over-year decline in adjusted earnings per share. The company behind digital dating apps Tinder and PlentyOfFish reported earnings per share of 24 cents, adjusted, down from 32 cents in the year-ago period.
Edwards Lifesciences shares popped after the bell after the medical device maker posted quarterly earnings and revenue that topped analyst estimates at an adjusted 63 cents per share on sales of $671.1 million. Fellow healthcare firm Myriad Genetics, though, slipped after hours, despite reporting better-than-expected earnings and revenue and raising its full-year earnings guidance.
Barnes and Noble shares were clipped in extended trading after a mall CEO said Amazon is planning to open hundreds of physical bookstores. CNBC was unable to confirm those reports.
— CNBC's Jacob Pramuk and Sarah Whitten contributed, as did the Associated Press.