Check out which companies are making headlines before the bell Wednesday:
FedEx —The global shipping company suffered at the hands of disappointed investors after it posted quarterly results below Wall Street estimates. FedEx said profits were hit by clients choosing alternative, cheaper delivery options.
Lennar — Shares of the homebuilder rose in premarket trading after Needham downgraded the company to "Hold" from "Buy."
Jabil Circuit —The electronics supplier fell in early New York trading after it posted quarterly earnings below estimates.