Take a look at some of Wednesday's morning movers:

Liberty Media - Liberty Media will spin off its Starz unit into a separate publicly traded company, a move it says will give it significant liquidity and also provide more transparency into Starz finances.

Dish Network - Dish Network reported second-quarter profit of $0.50 per share, well below estimates of $0.68 per share. The satellite TV provider also lost 10,000 net subscribers during the quarter.

Walt Disney - Walt Disney earned $1.01 per share for its third quarter, eight cents above estimates. Disney saw profit growth from media networks, theme parks, and its movie studios, with the success of the film “The Avengers” providing a sizable boost.

McDonald's - The restaurant chain saw July same-store sales come in below estimates both globally and in each world region. Weakness in both the U.S. and European economies were among the factors hurting sales.

Macy's - Macy's earned $0.67 per share for the second quarter, three cents above estimates. The retailer credits, among other things, strong spring season results.

Ralph Lauren - The company reported profit of $2.03 per share for its first quarter, well above estimates of $1.78. However, it also says current quarter revenue will be down in the mid-single digit percentage range.

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