U.S. stock futures traded mixed Wednesday morning, setting the stage for another day of earnings-driven action. Here's what's catching investor eyes today.

Earnings on Deck Before the Bell

Jabil Inc. (JBL) is expected to report quarterly earnings of $2.69 per share on revenue of $8.07 billion before markets open, according to analyst consensus data. The electronics manufacturing services company saw its shares climb 1.4% to $215.50 in after-hours trading Tuesday evening.

Over at General Mills Inc. (GIS), analysts are looking for quarterly earnings of $1.02 per share on revenue of $4.78 billion. The food giant will release results before the opening bell. General Mills shares edged up 0.4% to $47.19 in after-hours action.

Children's Place Takes a Beating

Children's Place Inc. (PLCE) had a rough evening after reporting worse-than-expected third-quarter results. The children's apparel retailer posted quarterly losses of 18 cents per share, a stark miss compared to analyst estimates of 70 cents per share earnings. Revenue came in at $339.47 million, falling significantly short of the $370.29 million analysts had projected. Investors didn't hold back—shares cratered 32.1% to $4.99 in after-hours trading.

Homebuilder Delivers Mixed Bag

Lennar Corp (LEN) reported fourth-quarter results after Tuesday's close that split the difference. The homebuilder posted revenue of $9.37 billion, topping analyst estimates of $9.02 billion. But adjusted earnings of $2.03 per share missed expectations of $2.21 per share. The market focused on the earnings shortfall, pushing Lennar shares down 4.1% to $112.74 in after-hours trading.

Chip Giant Reports After the Close

Micron Technology Inc. (MU) rounds out Wednesday's earnings parade with its report coming after the closing bell. Analysts expect the memory chip manufacturer to post quarterly earnings of $3.93 per share on revenue of $12.81 billion. Micron shares ticked up 0.3% to $233.21 in after-hours trading.