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Take a look at some of Tuesday's morning movers:
Fossil - The maker of fashion accessories earned $0.93 per share for the first quarter, one cent above estimates, but revenues of about $590 million came in short of the $618 million consensus. It's also cutting its full-year outlook on weaker-than-expected European sales.
Wendy's - The restaurant operator earned one cent per share for its latest quarter, excluding certain items, two cents below estimates. The results were hurt by slower-than-expected increases in same-store sales.
McDonald's - The fast-food giant's global same-store sales rose 3.3 percent in April, compared to estimates of 4.2 percent. Comp sales were below estimates in all world regions with the exception of Europe, which saw an increase of 3.5 percent versus estimates of 3.2 percent.
Discovery Communications - The cable channel operator earned $0.57 per share for its latest quarter, three cents below estimates. Losses at the Oprah Winfrey Network were a key factor in pushing the company's earnings below consensus. However, Discovery did raise its full year revenue forecast.
OfficeMax - The office products retailer earned $0.23 per share for the first quarter, excluding certain items, versus estimates of $0.16. The company's bottom line was boosted by cost cutting, with sales up just 0.5 percent.
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