Apple shares were down more than 7 percent after the company posted a miss on both the top and bottom line. The tech giant reported earnings of $1.90 per share on $50.56 billion in revenue. Analysts had expected the company to report earnings of $2 a share on revenue of $51.97 billion, according to a consensus estimate from Thomson Reuters.
Apple's revenue declined approximately 13 percent from the year-ago period — representing the first year-over-year quarterly sales drop since 2003.
Shares of Chipotle Mexican Grill were down about 3 percent after the company reported a same-store-sales decrease of 29.7 percent in the first quarter.
Shares of eBay were up more than 1 percent after the company posted quarterly results that topped analyst expectations. The online commerce site posted earnings of 47 cents a share ex-items on $2.14 billion in revenue. Analysts had expected earnings of 45 cents per share on $2.08 billion in revenue, according to a consensus estimate from Thomson Reuters.
Shares of Panera rose about 2 percent after the company reported quarterly results that topped Wall Street expectations. The fast casual chain posted earnings of $1.56 per share ex-items on $685 million in revenue. Analysts had expected the company to report earnings of $1.50 per share on revenues of $674 million.
Panera also raised its full-year earnings outlook and now expects between $6.50 to $6.70 a share. The company had previously forecast 2016 earnings coming in between $6.33 to $6.52 per share. Analysts had estimated full-year earnings of $6.55 a share, according to Thomson Reuters.
— CNBC's Jacob Pramuk and Everett Rosenfeld contributed to this report.