Check out which companies are making headlines before the bell:
Bank of America – Bank of America reported quarterly profit of 27 cents per share, two cents below estimates, with revenue slightly below forecasts. However, that represented an improvement over a year ago loss, and the latest quarter did include charges related to incentives and net interest income adjustments.
Delta Air Lines – The airline earned an adjusted 45 cents per share for its latest quarter, one cent above estimates, with revenue essentially in line. Delta said this represented the best March quarter in its history, although it added that the strong dollar was presenting headwinds for its international revenue.
Google – The European Union has formally filed formal charges against Google over its comparison shopping service, and said it would open a formal investigation of Google's Android operating system and whether the company uses its market power to hinder rival systems.
PNC – The bank beat estimates by three cents with quarterly profit of $1.75 per share, with revenue also slightly above consensus. However, net interest margin—a key metric—did see a decline.
Alcatel-Lucent – Alcatel-Lucent will be bought by Nokia in a stock deal valued at $16.6 billion, following news Tuesday that the two companies were in talks. Alcatel-Lucent shareholders will receive 0.55 shares in the combined company for each share they now hold.
Chipotle Mexican Grill – Cowen began coverage on the restaurant chain's stock with an "outperform" rating, citing the results of its own survey which found that consumers value freshness slightly more than price and value when deciding where to dine out Cowen said Chipotle should benefit from that trend.
Starbucks – Cowen initiated coverage on the coffee chain with a rating of "outperform," predicting that valuation would expand due to digital initiatives and other moves.
GoPro – The high definition camera maker's stock was upgraded to "overweight" from "neutral" at Piper Jaffray, which notes the widespread adoption of the brand both by outdoor adventurists and the daily user.
Nike – Nike shares were upgraded to "overweight" from "neutral" at Piper Jaffray, which said the "casualization" of fashion is here to stay and that Nike will benefit from that trend.
Intel - The chip maker matched estimates with quarterly profit of 41 cents per share. Revenue was shy of estimates and its current quarter guidance was conservative as well. However, investors are encouraged by a 19 percent rise in revenue for Intel's data center group, and the company also forecast better than expected profit margins for the current quarter.
CSX – CSX beat estimates by one cent with quarterly profit of 45 cents per share, with revenue essentially in line. The rail operator also announced a $2 billion stock buyback, and raised its dividend by 13 percent to 18 cents per share.
Starwood Property Trust – Starwood announced a 12 million share common stock offering, and will use a portion of the proceeds for a planned property purchase in Dublin, Ireland.
Target – The retailer is near a settlement with MasterCard over the retailer's 2013 data breach, according to the Wall Street Journal. The settlement would see Target reimburse financial institutions for about $20 million in costs related to reissuing credit cards. Target is in the midst of a separate negotiation with Visa.