Tech Five: Apple reports mixed Q3 results

Although Apple reported that it sold 47.5 million iPhones in the last quarter, Tuesday's earnings results still did not seem to wow investors. Company shares took a nose dive Tuesday after it reported fiscal third-quarter results that included a tepid financial outlook.

Let's take a look at the tech stocks to watch Wednesday

Apple (AAPL): Apple expects revenue of $49 billion to $51 billion in the current quarter -- estimates that are shy of the $51.1 billion expected by analysts polled by Thomson Financial. Blow out sales of the iPhone 6 and 6 Plus lead to a 33% jump in revenue, however the slow sale of the Apple Watch has cast a shadow over company's successes. Shares were down more than 5% during morning trading.

Yahoo (YHOO): Shares of Yahoo dipped Tuesday after it offered reported second quarter earnings results with a dueling narrative: the company missed analysts' forecasts for earnings, but surpassed revenue expectations .Yahoo reported adjusted earnings of 16 cents per share, falling short of analyst's forecasts of 18 cents per share. On the other hand, the company's adjusted revenue rose about 0.3% to $1.043 billion, which beat analyst's expectations of $1.032 billion. Company shares were down nearly 3% Wednesday morning.

AT&T (T): AT&T's 48.5 billion acquisition of DirecTV is nearing approval by regulators. The Department of Justice's antitrust division closed its investigation on the merger, concluding that it will not pose a risk to market competition. Both companies would have to agree to some conditions before the final approval. AT&T shares were down more than 1% in during morning trading.

GoPro (GPRO): GoPro beat Wall Street estimates with its Q2 results. The company reported $420 million in revenue and a net income of $35 million. The company had a busy quarter launching a new camera model, as well as several new accessories. Shares were down more than 2% during morning trading.

Microsoft (MSFT): Microsoft ended its fiscal year Tuesday with earnings and revenue that topped analysts expectations, but took a hit from the global slowdown of PC sales. Company shares were down more than 1% during pre-market trading.

Follow Paste BN reporter Trisha Thadani on Twitter: @TrishaThadani