Among the companies with shares expected to actively trade in Wednesday's session are Mondelez International Inc. (MDLZ), Whole Foods Market Inc. (WFM) and AOL Inc. (AOL).

Mondelez International Inc. (MDLZ) on Wednesday said it plans to combine its coffee portfolio with D.E. Master Blenders 1753 B.V. to create a new coffee company, as part of a $3.5 billion restructuring program. The new company--called Jacobs Douwe Egberts--will be based in the Netherlands and is expected to have annual revenue of more than $7 billion, the companies said. Mondelez shares rose 7.6% to $37.88 premarket.

Whole Foods Market Inc. (WFM) trimmed its annual sales and profit forecasts as it struggles with growing mainstream competition in the market for natural and organic foods. Shares fell 18% to $39.30 premarket.

AOL Inc. said its first-quarter profit shrank 64%, missing market expectations, after the company posted some restructuring charges and write-downs, though revenue grew more than anticipated. Shares fell 7.9% to $40.45 premarket.

Activision Blizzard Inc. (ATVI) reported adjusted first-quarter profit that beat analysts' expectations, while providing bullish statements about "World of Warcraft," which saw a slight decline in subscribers but strong pre-orders for a new expansion storyline coming out later this year. Shares rose 3.6% to $20 premarket.

Cable-equipment maker Arris Group Inc. (ARRS) posted a strong forecast for the current quarter and better-than-expected results for the first three months of the year. Shares rose 14% to $29.27 premarket.

Chesapeake Energy Corp. (CHK) said its first-quarter profit soared as the company reported a 47% surge in revenue and higher production. The oil-and-gas producer raised its adjusted production growth outlook for 2014, citing higher-than-expected natural gas liquids volumes. Shares rose 3.2% to $29.25 premarket.

Cimarex Energy Co. (XEC) said it agreed to acquire oil and gas assets primarily in the Cana-Woodford shale play in Western Oklahoma for $497.4 million. The company also agreed to sell a 50% interest in the assets to Devon Energy Corp. (DVN) at the deal's closing, expected by June 30. Cimarex shares rose 9.2% to $131.07 premarket. Devon rose 1.2% to $71.

Data-center infrastructure and services provide Datalink Corp. (DTLK) posted results for the first three months of the year that badly missed expectations and also provided an outlook for the current quarter below consensus. Shares fell 21% to $10 premarket.

Videogame maker Electronic Arts Inc. (EA) said better-than-expected sales of new videogame consoles have helped to increase sales at a more rapid pace than it expected, powering increased profits along the way. Shares rose 14% to $32.11 premarket.

Canada's Encana Corp. (ECA, ECA.T) has agreed to buy 45,500 acres of the Eagle Ford Shale in Texas from Freeport-McMoRan Copper & Gold Inc. (FCX) for $3.1 billion, the companies said Wednesday. Encana, which has sought to broaden its portfolio beyond natural gas, said it expects the deal will double its current rate of oil production. Encana rose 4.1% to $23.50 premarket.

FireEye Inc. (FEYE), which offers a virtual machine-based security platform against cyber attacks, announced a weaker-than-expected outlook for the current quarter and year. Shares fell 15% to $31.70 premarket.

First Solar Inc. (FSLR) said Tuesday that first-quarter earnings jumped 89% from a year earlier, as the solar-products maker reported higher net sales. Shares rose 1.5% to $68.45 premarket.

GNC Holdings Inc. (GNC) lowered its full-year guidance and reported disappointing first-quarter results. The nutritional-products retailer attributed a same-store sales decline to severe winter weather. Shares fell 10% to $39.25 premarket.

Groupon Inc. (GRPN) said its first-quarter loss widened amid acquisition-related expenses and other costs. The company's plan to remake itself as an e-commerce player--rather than a daily-deals site--is taking time. Shares fell 9.2% to $6.10 premarket.

Lamar Advertising Co.'s (LAMR) first-quarter loss narrowed as the outdoor advertising company posted stronger revenue. However, revenue missed expectations. Shares fell 1.7% to $48.82 premarket.

Walt Disney Co. (DIS) said its fiscal second-quarter profit rose 27% as the company's studio division continued to benefit from the animated blockbuster "Frozen." Shares rose 1% to $81.86 premarket.

Fast-growing Internet retailer Zulily Inc. (ZU) reported a first-quarter net loss as soaring sales were accompanied by an order backlog that pushed up its expenses and lengthened shipping times. Shares fell 19% to $37.10 premarket.

 
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Allstate Corp. (ALL) said its first-quarter earnings fell 15% as heavy winter storms drove up claims costs for the car and home insurer.

Duke Energy Corp. (DUK) swung to a loss in the first quarter because of a hefty write-down of its Midwest Generation business and an increase in other expenses.

Energy Transfer Partners LP (ETP) said its first-quarter earnings rose 30% as results benefited from its continued expansion, stronger demand and higher commodity prices. Affiliate Energy Transfer Equity LP (ETE) reported earnings surged 87% in the quarter.

Humana Inc.'s (HUM) first-quarter profit shrank 22% as the Medicare-focused insurer's higher expenses offset its improved revenue. However, revenue and earnings were well above analysts's views.

ICU Medical Inc. (ICUI) said its first-quarter earnings fell 23%, as the medical-products maker reported that sales growth in its oncology and critical-care segments was offset by declines in its infusion therapy business.

Pepco Holdings Inc. (POM) swung to a profit in the first quarter, as the electricity provider benefited from a notable increase in revenue and a favorable comparison to year-earlier quarter.

Sandwich shop chain Potbelly Corp. (PBPB) reported first-quarter results that topped Wall Street's expectations, while also providing a rosy outlook.

Sotheby's (BID) said its first-quarter loss narrowed on stronger sales thanks to a robust art market, as well as the auction house's cost-control efforts.

Write to Tess Stynes at tess.stynes@wsj.com

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