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Medidata Solutions (NASDAQ: MDSO) shares slipped 17.91% to $43.25 after the company reported downbeat quarterly results.

Arotech (NASDAQ: ARTX) shares declined 10.98% to $3.97 after falling 1.55% on Monday.

Bebe Stores (NASDAQ: BEBE) shares declined 10.40% to $5.77 after the company reported a 5.7% drop in its Q3 same-store sales and issued a downbeat Q3 outlook.

Lexmark International (NYSE: LXK) shares dipped 9.86% to $42.16 after the company reported Q1 adjusted earnings of $0.92 per share on revenue of $877.70 million.

Rambus (NASDAQ: RMBS) declined 6.50% to $11.50 after the company reported Q1 earnings of $0.17 per share on revenue of $78.30 million. Rambus also expected Q2 sales of $69.0 million to $74.0 million, versus analysts' estimates of $74.50 million.

Koninklijke Philips NV (NYSE: PHG) fell 5.98% to $32.52 after the company reported a drop in its Q1 profit.

Xerox (NYSE: XRX) dropped 2.96% to $11.13 after the company reported its Q1 earnings of $0.27 per share on revenue of $5.12 billion and lowered its FY14 earnings outlook.

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