Oclaro climbed as much as 15 percent intraday Wednesday after the company reported a fiscal first-quarter earnings blowout.
CEO Jeff Bewkes says success with its cable networks, CNN's election coverage and films contributed to the strong quarter.
Alibaba posted earnings of 5.26 yuan on revenue of 34.29 billion yuan.
The handbag and accessories maker posted a better-than-expected rise in sales as its Kate Spade New York brand attracted more shoppers.
The household products maker posted earnings excluding items of $1.36 a share on revenue of $1.443 billion.
Moller-Maersk Group, the world's largest shipping company by capacity, announced a slump in third-quarter profits on Wednesday due to low freight prices.
Wingstop's revenue may have increased 14 percent in the third quarter year-over-year, but it wasn't enough to outpace analyst expectations.
Herbalife Chairman and CEO Michael Johnson will become the company's executive chairman, effective June 1.
Shares of L Brands shed more than 7 percent on Tuesday after the company cut for its third-quarter forecast.
Analysts surveyed by Thomson Reuters expect Facebook to report earnings per share of 97 cents on revenue of $6.921 billion.
Shares of Pitney Bowes plunged more than 18 percent Tuesday after the company reported an earnings miss.
US Senator Bernie Sanders tweeted about the price of Eli Lilly's Humalog insulin, sending the company's stock down more than 1 percent.
Pfizer reported a drop in income, largely due to an impairment charge related to the pending sale of its Hospira infusion therapy business.
Coach reported a 21.8 percent jump in quarterly profit as the handbag maker's efforts to cut back on inventory and promotions paid off.
Kellogg reported a better-than-expected profit, helped by cost-cutting and lower cost of goods sold, but sales fell for the seventh straight quarter.
Net income for the quarter ended September 30 came in at 4.8 billion yen ($45.8 million) down from 33.6 billion yen in the same period last year.
BP has reported net profit for the third quarter of $1.62 billion, but still only delivering around half of last year's result for the period.
Honda Motor raised its full-year profit forecast due to lower costs and cost cuts which it expects will offset the impact of a stronger currency.
Panasonic cut its forecast for full-year profit, citing the impact of a strong currency and weaker earnings from sales of its solar energy systems.
Sony cut its annual profit outlook due to losses related to the sale of its battery business.
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