NEW YORK (
(AAPL - Get Report) was a big loser in premarket trading on Wednesday as investors digested the company's
The iPhone maker's shares fell 3.25% to $392.95. Apple was also one of the most active premarket Nasdaq stocks on share volume of 1,479,963.
As well reporting its quarterly results on Tuesday, Apple announced plans to buy back an additional $50 billion in stock while raising its dividend by 15%.
(ARMH) was another loser, slipping 2.31% to $45.25, while
(CSCO - Get Report) was off 1.96% at $20.50.
(T - Get Report)
shares were off 4.28% to $37.33, weighed down by the company's
revenue miss on Tuesday.
(EMC - Get Report)
was also a laggard, slipping 1.7% to $21.98 after its
came in below Wall Street's top- and bottom-line forecasts. The storage maker reported its results before market open on Wednesday.
(BRCM - Get Report)
, however, was a big winner, rising 5.06% to $34.65, lifted by the company's strong first-quarter results on Tuesday. The chip maker was another active pre-market Nasdaq stock on share volume of 224,198.
--Written by James Rogers in New York.
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