Earnings Report

The company's upbeat outlook could allay some concerns about reimbursement pressures on the sector.

U.S. stocks were moving lower early Tuesday, dragged down by big communications companies after Google's parent company, Alphabet, reported a slowdown in revenue growth.

Weak iPhone demand is still causing Apple's overall sales to shrink, despite the company's effort to emphasize services designed to bring in a steady flow of money from its 1.4 billion devices still in use.

___ Apple's fiscal 2Q revenue, profit sag amid iPhone slump SAN FRANCISCO (AP) — Weak iPhone demand is still causing Apple's overall sales to shrink, despite the company's effort to emphasize services designed to bring in a steady flow of money from its 1.4 billion devices still in use.

Stocks that moved substantially or traded heavily on Tuesday: Alphabet Inc., down $97.24 to $1,198.96

The latest on developments in financial markets (all times local): 9:35 a.m.

Pfizer is reporting a 9% jump in first quarter profit on a strong showing from its biopharmaceutical group.

The disappointing result came amid intense competition in the advertising space from the likes of Facebook and Amazon.

McDonald's turned to a sure thing in the first quarter, bacon, and it's paying off.

General Electric Co. (GE) on Tuesday reported first-quarter net income of $3.59 billion, after reporting a loss in the same period a year earlier.

Merck is breezing past all expectations for the first quarter with global sales jumping 8 percent to almost $11 billion.

Keytruda has driven much of Merck's recent growth as it maintains its lead as an initial treatment for advanced lung cancer.

MasterCard Inc. (MA) on Tuesday reported first-quarter net income of $1.86 billion.

Total revenue fell about 4 percent to $5 billion.