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Traders work on the floor of the New York Stock Exchange
Andrew Renneisen | Getty Images
Traders work on the floor of the New York Stock Exchange

Check out which companies are making headlines before the bell:

Caterpillar — The heavy equipment maker is forecasting first-quarter earnings and revenue below Street estimates, pressured by lower commodity prices, but is sticking with its prior full-year forecast.

Lands' End — The apparel retailer earned an adjusted 71 cents per share for its latest quarter, two cents below estimates, although revenue beat forecasts. Same-store sales fell 8.7 percent during the quarter. Lands' End said it made meaningful progress in 2015 toward improving its operations, but that those efforts are not yet reflected in its financial results.

Michaels Cos. — The crafts retailer reported quarterly profit of 87 cents per share, three cents above estimates, while revenue was also above forecasts as same-store sales rose 3.1 percent.

FedEx — FedEx earned an adjusted $2.51 per share for its latest quarter, that was 17 cents above estimates Revenue also beat forecasts, and the delivery company raised the low end of its full-year earnings guidance.

Jabil Circuit — Jabil fell three cents shy of estimates with adjusted quarterly profit of 57 cents per share, while revenue for the electronics manufacturer came in below forecasts, as well. The company also gave lower-than-expected guidance for the current quarter, in part because of weaker demand in the mobile communications segment.

Williams-Sonoma — The household goods retailer missed estimates by three cents with quarterly profit of $1.55 per share, and revenue was slightly below Street forecasts. The retailer's results were pressured in part by weakness at its Pottery Barn division. However, the company did raise its quarterly dividend by six percent to 37 cents per share, and authorized a $500 million stock buyback program.

Guess — Guess reported quarterly earnings of 57 cents per share, one cent below estimates, with revenue matching forecasts. The apparel retailer also said it would post a current-quarter loss and gave weaker-than-expected full-year guidance, pressured by a strong dollar and a stalled effort to turn around its business. Guess has reported same-store sales declines for 21 consecutive quarters.

Mondelez International — Investor Bill Ackman sold 20 million shares of Mondelez, reducing his Pershing Square's stake in the snack maker to 5.6 percent.

GlaxoSmithKline — Chief Executive Officer Andrew Witty will retire a year from now, after more than three decades with the drugmaker. The company is now beginning a search for a successor.

Valeant Pharmaceuticals — Creditors of Valeant are demanding new, tougher terms after the drugmaker delayed filing its annual financial statements, according to Reuters.

Alphabet — The company's Google unit gained a significant customer recently, according to Re/code, with Apple now using Google's cloud services. It had also been using cloud services from Amazon and Microsoft, although it is in the process of building its own data centers.

McKesson — McKesson will cut 1,600 jobs or four percent of its U.S. workforce. That follows key customer losses for the drug distributor.

Nike — Nike announced a series of new products, including a new version of its Nike+ running app and a self-lacing sneaker.

Citigroup — Chief Executive Officer Michael Corbat got a 27 percent pay hike in 2015, as the bank's profits doubled. Corbat earned $16.5 million last year.

Office Depot — The office supplies retailer may get a bid from Amazon.com for its corporate business unit, according to the New York Post. The paper said an activist investor has taken a stake in Office Depot and thinks such a deal would allay regulatory concerns about the takeover deal in place with rival Staples.

Advanced Micro Devices — The chipmaker is in talks to license graphics technology to Intel, according to Bloomberg, although it is possible a deal may not be struck.

Correction: This article has been updated to reflect Williams-Sonoma authorized a $500 million buyback program.