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

FedEx - reported fiscal fourth-quarter profit of $1.99 per share, excluding certain items, seven cents above estimates. But current-quarter and full-year guidance is short of estimates, with FedEx saying it's facing increasing employee-related costs and pension expenses. The delivery service says it will be taking steps to reduce costs and improve efficiencies.

Walgreen - The drugstore chain operator is paying $6.7 billion for a 45 percent stake in Britain's Alliance Boots, with an option to acquire the rest over the next few years. Separately, Walgreen announced a 22 percent dividend hike, as well as quarterly earnings that matched analyst estimates.

Oracle - Oracle earned $0.82 per share for its fourth quarter, four cents above estimates, in a surprise earnings report that was not scheduled to be released until Thursday afternoon. It also authorized an additional $10 billion for stock buybacks. The early release was seen by many as a way of alleviating concern over the news that Oracle Executive Vice President Keith Block has left the company.

Expedia - Piper Jaffray has downgraded the travel website operator's shares to "neutral" from "overweight" on a valuation basis, with the shares having jumped more than 50 percent since the end of April.

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