Palo Alto Networks's in-line outlook wasn't enough for investors on Tuesday, as shares headed lower in the extended session following the cybersecurity company's fiscal third-quarter results.

Shares fell 3.6% in overnight trading.

The company said it expects total revenue to come in between $2.49 billion and $2.51 billion for the July quarter - bracketing analysts' expectations of $2.5 billion. Analysts are looking for adjusted earnings of 87 cents a share for the fiscal fourth quarter, while Palo Alto Networks' (PANW) outlook called for 87 cents to 89 cents.

While Palo Alto Networks beat profit expectations for the latest quarter, revenue merely matched FactSet's consensus estimate. The company reported revenue of $2.3 billion for the April quarter - growth of 15% from the previous year. While analysts were expecting adjusted earnings of 77 cents a share, the company reported adjusted earnings of 80 cents a share for the quarter.

Take-Two Interactive Software Inc. shares fell as much as 3.6% in overnight trading after the company announced plans to sell $1 billion of new stock to investors.

The New York-based video-game maker plans to use the proceeds for general corporate purposes, including repayment of debt and future acquisitions, according to a statement Tuesday. The company declined to comment further on the sale.

Earlier this month Take-Two said it would delay its most highly anticipated new title, Grand Theft Auto VI, until May of next year. The stock is up 29% this year through the close of trading Tuesday. Its market value is about $42 billion.

Kraft Heinz said it was looking at strategic transactions as demand for its pricey snacks and ready-to-eat meals weakens in an uncertain economic environment.

Shares of Kraft Heinz rose 1.3% in overnight trading.

The company also said Timothy Kenesey and Alicia Knapp, executives at Berkshire Hathaway-owned companies, were leaving its board of directors after Warren Buffett's conglomerate said it would no longer hold board seats.