Earnings Report

U.S. stocks swung between gains and losses in morning trading on Wall Street Wednesday as investors wait for key trade talks between the U.S. and China to start this week.

Disney's adjusted second-quarter net income declined as higher revenue from its parks was not enough to offset lower theatrical revenue.

Stocks that moved substantially or traded heavily on Wednesday: Zayo Group Holdings Inc., up $2.38 to $33 The fiber optic infrastructure company said it is being bought by Digital Colony and EQT for $14.3 billion in cash and assumed debt.

Excluding certain items, Disney earned $1.61 per share.

Share of the company that owns The New York Times rose Wednesday after the publisher reported that it grew digital subscribers again in its latest quarter.

German industrial equipment and technology supplier Siemens AG says net profit fell 5% in the first three months of the year as the company heads into a major restructuring involving the spinoff of its oil, gas and power generation business.

Honda has reported a loss for January-March, despite growing sales, as an unfavorable exchange rate, income tax expenses and other costs hurt results.

The company lost 189,000 customers in the quarter that pay a monthly bill.

Japan's top automaker Toyota is reporting a 4% dip in profit for January-March after vehicle sales fell in North America.

Stocks extended their losses into a second day on Wall Street Tuesday after President Donald Trump's threat to escalate a trade war moved closer to reality.

Stocks that moved substantially or traded heavily on Tuesday: American International Group Inc., up $3.19 to $50.30

Ride-hailing company Lyft is reporting strong revenue growth but substantial losses in its first quarterly earnings report since its rocky stock market debut.

Lyft posted a $1.1 billion loss in its first quarter, hit by stock-based compensation charges due to its initial public offering.

Allergan PLC (AGN) on Tuesday reported a loss of $2.41 billion in its first quarter.

SeaWorld Entertainment Inc. (SEAS) on Tuesday reported a loss of $37 million in its first quarter.

Automaker Ferrari says its profits rose in the first quarter as demand for its luxury sports cars grew strongly, particularly in China.