Check out which companies are making headlines before the bell on Tuesday:
Walt Disney, Electronic Arts - The two companies announced a multi-year agreement to develop new videogames based on the "Star Wars" franchise.
OfficeMax - The office products retailer has declared a $1.50 per share special dividend.
American International Group - Goldman Sachs has downgraded the insurer's shares to "neutral" from "buy," with the firm seeing limited upside for the stock following recent outperformance.
(Read More: See the Day's Top Percentage Winners & Losers)
Fossil - Fossil reported first-quarter profit of $1.10 per share, above estimates of $0.97 a share. Revenue for the fashion accessories maker were also above consensus.
Discovery Communications - The media company earned $0.64 per share, excluding certain items, for its first quarter, matching expectations, while revenue was above consensus.
Molson Coors Brewing - The beer brewer earned $0.30 per share for the first quarter, four cents below estimates, with sales also falling short. The company cited weather issues, as well foreign-exchange losses and increased spending on marketing.
DirecTV - The satellite TV services provider earned $1.43 per share for the first quarter, excluding certain items, well above estimates of $1.07 a share, as it added 604,000 net subscribers during the quarter.
Eli Lilly - Chief Executive John Lechleiter will undergo surgery to treat a dilated aorta this coming Monday. Lechleiter is expected to make a full recovery and return to work later this summer.
Anadarko Petroleum - Anadarko earned $1.08 per share, excluding certain items, for the first quarter, 14 cents a share above estimates, with revenue also beating estimates. The energy producer also raised the top end of its production forecast for the year.
First Solar - The solar products maker earned $0.69 per share for the first quarter, six cents a share below estimates, though revenue did exceed analysts' forecasts. The profit did reverse a year ago loss on improved sales, and the company kept its previous full-year guidance intact.
Norwegian Cruise Line Holdings - The cruise line operator reported first-quarter profit of $0.06 per share, excluding certain items, doubling Street estimates. Revenue also came in above expectations, thanks to higher ticket prices and increased onboard spending.
Microsoft - Microsoft has announced a revamping of its Windows 8 operating system, though the newest version won't be available until later this year. International Data Corp. has reported that confusion over Windows 8 was a contributing factor to a record 14 percent decline in PC sales during the first quarter.
Sprint Nextel - Major shareholders will meet with Softbank President Masayoshi Son today, to discuss Softbank's $20 billion bid for 70 percent of Sprint. That offer is competing with Dish Network's $25.5 billion bid for all of Sprint.
Diageo - Diageo has named Chief Operating Officer Ivan Menezes as its new chief executive, replacing Paul Walsh as of July 1.
JPMorgan Chase - Three major shareholders remain undecided on whether Jamie Dimon should keep his dual role as both chairman and CEO of the banking giant, according to The Wall Street Journal. Votes on the separation issue will be counted on May 21.
(Read More: See CNBC's Market Insider Blog)
—By CNBC's Peter Schacknow
Questions? Comments? Email us at marketinsider@cnbc.com
