Take a look at some of Wednesday's morning movers
Apple [AAPL 600.92 ] - The iPhone and iPad maker missed quarterly results and handed in current-quarter guidance that was below forecasts. In addition, at least three brokerages cut their price targets on the firm.
ConocoPhillips [COP 54.64 ] - The oil and gas producer reported a decline in earnings, hurt by lower energy prices and a drop in output.
Bristol-Myers Squibb [BMY 34.73 ] - The pharmaceutical company posted lower-than-expected quarterly results. The company is now facing pressure from generic rivals, but still maintained its 2012 full-year profit forecast.
Symantec [SYMC 13.175 ] - The security-software maker unexpectedly ousted its CEO Enrique Salem, who had been under heavy criticism from investors for financial disappointments. Current chairman and former CEO of Intuit Steve Bennett has been selected as the replacement. The company also announced a quarterly outlook that was below projections.
Ford [F 9.06 ] - The automaker posted better-than-expected earnings, but almost doubled its estimates for losses in Europe. Ford and GM [GM 19.02 ] shares hit 52-week lows in the previous session. Meanwhile, GM said it is investing almost $830 million in research and development in Canada in the next four years to satisfy conditions it agreed to received bailout funds from the Canadian government in 2009.
Netflix [NFLX 80.39 ] - The movie-streaming company topped earnings expectations, but issued a cautious subscriber outlook and said a push into a fourth international market in the fourth quarter will lead to a loss.
Broadcom [BRCM 30.77 ] - The chipmaker posted earnings and revenue that topped estimates and forecast sales growth in the current quarter. But analysts were negative on the stock—at least five brokerages lowered their price targets.
Motorola Solutions [MSI 45.29 --- UNCH ] - The communications equipment maker posted a lower-than-expected quarterly profit, hurt by lower demand for its enterprise business.
Peabody Energy [BTU 20.55 ] - The coal miner posted lower-than-expected earnings and handed in a weak current-quarter profit guidance. In addition, at least three brokerages lowered their price targets on the firm.
Nielsen [NLSN 25.03 ] - The marketing and advertising research company posted higher-than-expected earnings on cost cutting.