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Check out which companies are making headlines before the bell:

Wells Fargo — In a Securities and Exchange Commission filing, the bank said it has increased its litigation loss reserves to $1.7 billion from $1 billion, and that the SEC has joined those looking into the recent disclosure and revamping of the bank's sales practices.

Facebook — The shares are taking a beating despite exceeding Street estimates in its latest quarter. Facebook reported adjusted quarterly profit of $1.09 per share, 12 cents a share above estimates. Revenue also scored a beat and the social media giant exceeded the one billion mark in mobile daily active users. However, investors are focusing on the company's warning of slowing revenue growth this quarter.

Qualcomm — Qualcomm beat forecasts by 15 cents a share, with adjusted quarterly profit of $1.28 per share. The chipmaker's revenue also came in above Street forecasts. Strong demand for the company's smartphone chips helped drive the quarter, with particular strength in the China market.

21st Century Fox — Fox reported adjusted quarterly profit of 51 cents per share, exceeding estimates by seven cents a share. Revenue was essentially in line with forecasts. The media giant was helped by strong results at the movie box office as well as its cable division.

Church & Dwight — The...