Tuesday's After Hours Movers: Norfolk Spikes On Letter From Canadian Pacific, Vipshop Gains On Strong Earnings Report

US equities ended the day mostly flat after a volatile trading session. The Dow finished higher by just 0.04 percent at 17,489.23, the S&P 500 lost 0.13 percent to close at 2,050.44, and the Nasdaq gained 0.03 percent to close at 4,986.02. Strong earnings reports on Tuesday morning from several notable retailers, including

,

, and

may have eased investor fears over a slowdown in spending. Tuesday's after-hours trading session featured a few note-worthy earnings and news reports.

announced it will spin off its GoTo Family of Products. The company also updated its full year fiscal 2016 guidance and expects to earn $4.40 to $4.50 per share (versus the consensus estimate of $4.21) and sees its adjusted operating margin being at least 30 percent. Shares initially bounced higher by two percent but were seen trading higher by just 0.78 percent at $79.03 approximately 10 minutes after the announcement. Nasdaq officials said that it will cancel all trades in

at or below $133.86 that were executed between 2:35 PM and 2:36 PM.

sent a letter to

, stating that a combined entity "would create capacity for all shippers without creating the need for more infrastructure." Shares of Norfolk spiked higher to $97.50 following the report, but fell back to $92.50 per share as of 4:20 PM – marking a 6.36 percent gain.

Shares of

, an online China-based discount retailer, spiked higher by nearly six percent after the company reported an adjusted third quarter earnings of $0.08/ADS on revenue of $1.36 billion. Shares of

, a restaurant operator that also owns the Qdoba Restaurant brand, saw its shares trading near flat after the company reported that it earned $0.62 per share in its fourth quarter on revenue of $354.068 million. Analysts were looking for an earnings per share of $0.65 on revenue of $356.83 million. Shares were trading higher by more than four percent heading into the company's post earnings conference call.