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Momo Inc (ADR) (NASDAQ: MOMO) was trading higher by more than 10 percent early Tuesday morning in reaction to a first-quarter earnings beat. The China-based mobile social networking platform reported a top-and-bottom-line beat and guided its second quarter revenue to be up by 51 percent to 55 percent from the same quarter a year ago.

Transenterix Inc (NYSE: TRXC) soared higher by more than 25 percent after the medical device company that improves minimally invasive surgery procedures announced an encouraging update. Specifically, the company said it has received clearance from the FDA for expanded indications of its Senhance Surgical System to now include laparoscopic colorectal, gynecologic, inguinal hernia and cholecystectomy surgery.

ZTO Express (Cayman) Inc (ADR) (NYSE: ZTO) gained more than 15 percent after the express delivery company in China detailed a new strategic agreement with China-based e-commerce giant Alibaba Group Holding Ltd (NYSE: BABA). As part of the agreement, Alibaba's logistic arm called Cainiao Network will invest $1.38 billion in ZTO in exchange for a 10 percent stake.

T2 Biosystems Inc (NASDAQ: TTOO) was trading higher by more than 8 percent after the health care company that targets unmet needs received clearance from the FDA. The company said the FDA granted a market clearance for its T2Bacteria Panel for the direct detection of bacterial species in human whole blood specimens from patients with suspected bloodstream infections.

iShares MSCI Italy Index (ETF) (NYSE: EWI) could see increased volatility amid geopolitical concerns in the European nation. Italy's government rejected the proposal of a euroskeptic candidate for finance minister.

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