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Traders on the floor of the New York Stock Exchange.
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Traders on the floor of the New York Stock Exchange.

Check out which companies are making headlines before the bell:

FedEx—The company earned $2.01 per share for its third quarter, beating estimates by 14 cents a share. Revenue was just slightly below estimates, as was the company's full-year guidance, but its commentary was generally upbeat and analysts have pointed out that FedEx guidance tends to be on the conservative side.

General Mills—The cereal and food producer reported adjusted quarterly profit of 70 cents per share, 3 cents above estimates, with revenue also beating Street consensus. The company said it expects to continue "strong growth" during the current quarter.

Vitesse Semiconductor—The chip maker has agreed to be acquired by Microsemi Corp. for $5.28 per share in cash, or $389 million. That represents a 36-percent premium over Tuesday's closing price.

Oracle—The business software maker reported in-line quarterly profit of an adjusted 68 cents per share, although revenue fell below Street estimates. Oracle also raised its quarterly dividend by 25 percent to 15 cents per share.

Adobe Systems—The software firm reported an adjusted quarterly profit of 44 cents per share, beating estimates by 5 cents, while revenue was slightly above forecasts. Adobe did see a less-than-expected increase in subscribers to its Adobe Cloud service, although that was still 28 percent above a year ago.

Microsoft—A blog post by Microsoft EVP Terry Myerson said Windows 10 will be available to consumers "this summer."

Herbalife—The stock is rising after the circulation of a court document indicating that a district court has dismissed a shareholder lawsuit against the seller of nutritional supplements.

Pandora—CRT Capital upgraded Pandora to "buy" from "fair value," based in part on more favorable content cost scenarios.

Checkpoint Systems—The maker of point-of-sale systems told an investor conference that its revenue will be pressured going forward, but that it also expects expansion of profit margins to continue.

Time WarnerCBS CEO Les Moonves is said to have spoken with Time Warner CEO Jeff Bewkes about combining the two companies, according to Bloomberg, but Bewkes was not interested in such a deal.

Kraft Foods—Kraft recalled 242,000 cases of Kraft Macaroni & Cheese, saying they could contain pieces of metal.

Nektar Therapeutics—The company said its drug designed to treat advanced breast cancer did not meet its primary goal in a late-stage study.

American Express—The financial services firm will launch a loyalty program in conjunction with seven companies, according to The Wall Street Journal. Those companies include Macy's, AT&T, Exxon Mobil, Rite Aid, and Hulu.


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