Updated from 11:37 a.m. EDT

Fossil ( FOSL) was among the Nasdaq's winners Tuesday, jumping 5.1% after the watch maker posted second-quarter results that beat Wall Street's forecast.

The company reported earnings of $14.7 million, or 21 cents a share, on revenue of $306.5 million. Excluding costs from the company's stock option review, the company earned 26 cents a share. Analysts polled by Thomson Financial expected earnings of 19 cents a share on revenue of $295.7 million. During the year-earlier period, the company earned $11.2 million, or 16 cents a share, on revenue of $259.2 million.

Looking ahead, Fossil sees third-quarter earnings of 37 cents a share. Analysts project earnings of 39 cents a share. For the full year, the company sees $1.72 a share. Analysts project earnings of $1.49 a share. Shares closed up $1.42 to $29.46.

Wal-Mart ( WMT) fell 5.1% after the retailer reported disappointing second-quarter results and warned that third-quarter earnings would be below expectations. The company earned $3.11 billion, or 76 cents a share, on revenue of $91.99 billion. Excluding one-time gains, the company earned 72 cents a share. Analysts expected earnings of 76 cents a share on higher revenue of $92.68 billion. During the year-earlier quarter, the company earned $2.08 billion, or 72 cents a share, on revenue of $84.52 billion.

Looking ahead, Wal-Mart sees third-quarter earnings of 62 cents to 65 cents a share, which is below the 68 cents a share that analysts project. For the full year, the company now sees earnings of $3.05 to $3.13 a share, below previous guidance of $3.15 to $3.23 a share. Shares closed down $2.35 to $43.82.

Shares of Excel Maritime Carriers ( EXM) rose 6% after the transportation services company posted second-quarter results that topped expectations. The company earned $20.3 million, or $1.02 a share, on revenue of $37.3 million. Excluding items, the company earned 69 cents a share. Analysts expected earnings of 57 cents a share on revenue of $34.4 million. During the year-earlier period, the company earned $4.5 million, or 23 cents a share, on revenue of $26.7 million. Shares closed up $2 to $35.49.

Orbitz Worldwide ( OWW) fell 14.6% after the travel company posted second-quarter results. The company, which went public less than a month ago, posted adjusted earnings of $14 million, or 15 cents a share, on revenue of $229 million. During the year-earlier quarter, the company earned $8 million, or 8 cents a share, on revenue of $207 million. Shares closed down $1.91 to $11.15.

Shares of Jamba ( JMBA) tumbled 15.6% after the operator of Jamba Juice stores reported disappointing second-quarter same-store sales information and posted preliminary second-quarter revenue. For the quarter ended July 24, the company reported a 3.3% decline in same-store sales. The company reported total revenue of $89.6 million.

"While our comparable sales are disappointing relative to our expectations, we remain confident and excited about Jamba's growth plans," the company said. "As we've previously indicated, Jamba's comparable sales fluctuate significantly more than most retailers' due to the impacts of weather and our concentrated store base in California."

Shares were down $1.22 to $6.61.

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