Check out which companies are making headlines before the bell on Wednesday:
FedEx — The shipping giant earned $2.13 per share for its fourth quarter, excluding certain items, above estimates of $1.96. Revenue was essentially in line with analyst forecasts. CEO Fred Smith pointed to improved results in the quarter, while saying positive developments did not fully offset tepid economic growth.
Adobe Systems — The company reported fiscal second quarter profit of 36 cents per share, excluding certain items, three cents above estimates. The software maker's current quarter projections, however, fall largely below consensus, as it continues to transition its customers to a subscription model. That transition is seen increasing long term revenue at the expense of short term sales.
Dish Network — Dish will not raise its bid for Sprint Nextel, citing Sprint's decision to "prematurely terminate the due diligence process" and "accept extreme deal protections in its revised agreement with SoftBank". Dish will instead concentrate its efforts on trying to buy Clearwire, which Sprint is also trying to accomplish.