Earnings Report

A boost in equipment sales propelled Caterpillar's first-quarter profit, as a strong global economy helped support construction and energy industry projects.

The comment from Brad Halverson during a conference call came after the company raised its 2018 earnings expectations by up to 24%.

Revenue from the company's aeronautics business, which makes the F-35 jet, rose 6.7 percent to $4.4 billion. The business accounted for about 38 percent of its total revenue in the quarter.

Coca-Cola Co. is reporting reported first-quarter earnings of $1.37 billion.

The company blamed winter storms in the eastern United States, a wind and hail storm in the southern United States and mudslides in California for the rise.

Verizon said it lost 24,000 phone subscribers who pay a monthly bill on a net basis.

Harley, which commands about half of the U.S. big-bike market, has seen its U.S. market share erode in recent years as it grapples with an aging customer base, weak demand from younger buyers and discounts offered by rivals.

The company said it now expects full-year sales of $63 billion to $64.5 billion, up from $62.5 billion to $64.0 billion.

Harley-Davidson Inc. (HOG) on Tuesday reported first-quarter earnings of $174.8 million.

The Fanta and Sprite maker's net profit rose to $1.37 billion, or 32 cents per share, in the first quarter ended March 30 from $1.18 billion, or 27 cents per share, a year earlier.

Investors are uncertain about future profit at Alphabet as the company navigates the move to a phone-based computing world and invests in small, fast-growing initiatives from self-driving cars to selling hardware and cloud computing services.

Eli Lilly and Co. (LLY) on Tuesday reported first-quarter net income of $1.22 billion, after reporting a loss in the same period a year earlier.

PulteGroup Inc. (PHM) on Tuesday reported first-quarter net income of $170.8 million.

Restaurant Brands International (QSR) on Tuesday reported first-quarter profit of $147.8 million.

Asian shares mostly rose Tuesday as a surge in U.S. bond yields pushed the value of the dollar higher against other major currencies.

SK Hynix Inc. says its first-quarter net profit has surged 64 percent over a year earlier thanks to robust memory chip prices.

Goldman Sachs says half of the U.S. dealers it contacted saw a sales decline in the first quarter.

Google parent Alphabet on Monday reported a jump in first-quarter net income on the back of strong digital ad sales and an accounting adjustment.