Earnings Report

Telecoms gear maker Nokia has reported a surprise first-quarter loss amid tougher competition for the new, superfast wireless 5G networks that are expected to increase in business this year.

Valero Energy Corp. on Thursday reported first quarter earnings of $141 million.

That makes it the third U.S. company to top $1 trillion in market capitalization.

The job cuts, part of moves to restructure its businesses into four operating units from five, would result in an estimated annual pre-tax savings range of $225 million to $250 million, with $100 million in the remainder of 2019.

Freeport-McMoRan Inc. on Thursday reported first quarter profit of $31 million.

Bristol-Myers Squibb Co. on Thursday reported first quarter profit of $1.71 billion.

Hershey Co. on Thursday reported first quarter profit of $304.4 million.

The Dallas-based carrier canceled more than 10,000 flights in the quarter.

Japanese video game maker Nintendo Co. is reporting a 39% rise in profit for the fiscal year through March on healthy software sales for its popular Switch console.

U.S. stocks followed a record-setting day with more subdued trading Wednesday as investors continue digesting a steady flow of corporate earnings and a potential break in the trade war between the U.S. and China.

Facebook is taking a $3 billion charge as a contingency against a possible fine by the Federal Trade Commission.

Tesla CEO Elon Musk faced some headwinds in the latest quarter.

Microsoft's ongoing push to get automakers, retailers and other businesses onto its cloud computing platform helped power the company's third-quarter earnings ahead of Wall Street expectations Wednesday.

When Boeing releases first quarter results Wednesday, investors will be looking beyond profit and revenue numbers to clues about the fate of the company's best-selling plane and when it might fly again.