The economic calendar in the U.S. on Wednesday also includes the ADP National Employment Report for April at 8:15 a.m. EDT, the ISM Non-Manufacturing Index for April at 10 a.m., and Oil Inventories for the week ended April 28, at 10:30 a.m.
Oil prices were rebounding after crude prices on Tuesday hit their lowest levels of the year. Early Wednesday in the U.S. crude oil gained 1% to $48.13 a barrel.
Apple earned $2.10 a share in the quarter, ahead of analysts' forecasts of $2.02 a share, while revenue of $52.9 billion slightly missed estimates of $53.04 billion.
iPhone revenue rose 1% annually to $33.2 billion (63% of total revenue), with unit sales dropping 1% to 50.8 million. Analysts were looking for iPhone sales of 52.3 million.
Services revenue rose 18% to $7.04 billion (13% of revenue), which was slightly below consensus of $7.06 billion.
Apple said it expects revenue for the quarter ending in June of $43.5 billion to $45.5 billion, which falls short of the $45.63 billion consensus.
CEO Tim Cook said on the earnings call Tuesday that Apple thinks "earlier and much more frequent reports about future iPhones" are weighing on sales. Considering how much has been reported about the iPhone 8 and the feature improvements it's set to deliver, the rumor mill could very well be having a larger-than-usual impact on iPhone sales this year, wrote TheStreet's Eric Jhonsa.
Jim Cramer and the AAP team said Apple's quarter was strong where it needed to be. Find out more with a free trial subscription to Action Alerts PLUS.
Earnings are also exoected Wednesday from Estee Lauder (EL - Get Report) , Kraft Heinz (KHC - Get Report) , Reynolds American (RAI) , Tesla (TSLA - Get Report) , Time Warner (TWX) , Yum! Brands (YUM - Get Report) , Facebook (FB - Get Report) , Fitbit (FIT - Get Report) , IAC (IACI) , Sprint (S - Get Report) , Groupon (GRPN - Get Report) , Square (SQ - Get Report) , Transocean (RIG - Get Report) , AIG (AIG - Get Report) and Metlife (MET - Get Report) .
The company said it expects a second-quarter adjusted loss of 10 cents to 11 cents a share on revenue of $85.5 million to $87.5 million; analysts predicted a loss of 8 cents a share on sales of $87.8 million. For the year, Twilio forecast an adjusted loss of 27 cents to 30 cents a share on revenue of $356 million to $362 million, below forecasts that called for a loss of 16 cents a share on revenue of $370 million.
5. -- Novo Nordisk (NVO - Get Report) shares surged to a year-to-date high on Wednesday after the world's biggest maker of insulin posted stronger-than-expected first-quarter earnings and boosted its full-year outlook.
The Danish pharmaceutical company said sales for the three months ended in March rose 5% to Dkr28.5 billion ($4.2 billion), beating the FactSet estimate of of Drk27.9 billion. Operating profit for the quarter was also ahead of expectations, rising 10% to Dkr13.5 billion.
The stock rose 6.5% in European trading.
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