Check out which companies are making headlines before the bell:
Macy's — Macy's shares were slammed after its quarterly revenue fell short of analysts' estimates and the retailer lowered its guidance for fiscal 2016. However, the company's earnings of 40 cents a share beat expectations by 4 cents a share.
Walt Disney — Disney shares are under pressure after a rare shortfall in its quarterly earnings. Disney earned $1.36 per share for its latest quarter, four cents a share shy of estimates. Revenue fell short, as well. The miss comes amid a drop in ad revenue at cable channel ESPN, among other factors, and marked the first time in five years that Disney earnings had fallen short of Street estimates.
Staples, Office Depot — The office supplies retailers have ended their planned merger deal, after a judge sided with the Federal Trade Commission in its effort to block the deal on competitive grounds. The companies do not plan to appeal the decision.
Electronic Arts — Electronic Arts earned an adjusted 50 cents per share for its latest quarter, 8 cents a share above estimates. The video game maker's revenue easily beat Street forecasts, as well. The company's "Star Wars Battlefront" game was among the key factors in helping it exceed analysts' forecasts.
Wendy's — Wendy's reported quarterly profit of 11 cents per adjusted share, 2 cents a share above estimates. Revenue beat forecasts, as well, and Wendy's also raised its full-year forecast. Same-restaurant sales rose 3.6 percent for the quarter.
Fossil Group — Fossil earnings fell 3 cents a share short of estimates, with quarterly profit of 12 cents per share. The watch maker's revenue was also short of Street forecasts. The company gave a current-quarter outlook that is far short of estimates, as well, amid increasing competition from smart watches.
SeaWorld — Credit Suisse downgraded the theme park operator to "underperform" from "outperform." The firm is optimistic on theme park companies in general, but thinks expectations for SeaWorld are ahead of themselves and that the company will suffer from a lack of pricing power.
Planet Fitness — Planet Fitness reported adjusted quarterly profit of 15 cents per share, 2 cents above estimates, while revenue came in above analysts' forecasts. The fitness chain also increased its full-year outlook as its customer base increases.
Blue Buffalo Pet Products — Blue Buffalo came in 1 cent a share ahead of estimates, with quarterly profit of 19 cents per share. Revenue was also above estimates. The pet food producer also gave strong current-quarter and full-year guidance, as it continues to gain market share.
Alaska Air — The airline's stock is joining the S&P 500 after the Thursday close. It will replace SanDisk, which is being acquired by Western Digital. Restaurant chain Texas Roadhouse will move from the S&P SmallCap 600 to replace Alaska Air in the S&P MidCap 400.
Toyota Motor — Toyota is forecasting a 35 percent drop in net profit for the fiscal year that ends March 31, 2017, with a soaring yen cited as a key factor in hurting the automaker's results after three years of record profits.
Chipotle Mexican Grill — Chipotle holds its annual meeting today, with activist shareholders seeking board changes after food safety incidents this past year hurt the restaurant chain's sales.
Align Technology — The maker of Invisalign invisible dental braces was rated "outperform" in new coverage at Credit Suisse, with a price target of $84. The firm points to Align's increasing portfolio of patented technologies, which it said should drive rapid revenue growth.