Earnings Report

Earnings narrowly beat estimates while revenue misses.

U.S. stocks are rising Thursday morning as Facebook leads a big rally for technology companies.

General Motors' first-quarter net income fell 60 percent, but the company handily beat Wall Street estimates as U.S. sales rose.

American Airlines Group Inc. is reporting first-quarter profit of $186 million.

United Parcel Service Inc. is reporting first-quarter earnings of $1.35 billion.

The company's stock has also risen as it has prioritized shareholder returns over production increases, an approach increasingly favored by Wall Street.

Carmaker Fiat Chrysler Automobiles has reported a 60 percent rise in net profit for the first quarter of 2018.

Dunkin' Brands Group Inc. on Thursday reported first-quarter profit of $50.2 million.

Nintendo Co. reported solid sales and profit for the fiscal fourth quarter, powered by brisk demand for its Switch machines.

PepsiCo Inc. on Thursday reported first-quarter net income of $1.34 billion.

Asian share benchmarks were mixed on Thursday as investors digested the latest quarterly corporate earnings.

Nintendo Co. is reporting solid sales and profit for the fiscal fourth quarter, powered by brisk demand for its Switch machines.

Profits have slipped at automaker Volkswagen in the first quarter due to a change in accounting rules, but sales increased and the company recorded no significant additional losses from its diesel emissions scandal.

Nokia says its first-quarter earnings more than halved, primarily because telecom operators are holding off from investing in equipment while waiting for the commercial launch of the new-generation networks.

Volkswagen says without the accounting change, the company's operating profit would have topped that of a year ago.

British banking giant Barclays swung to a loss in the first quarter as it set aside 2 billion pounds ($2.7 billion) to cover past misconduct, including allegations related to subprime mortgages in the United States.

Deutsche Bank reports that its profit fell to 120 million euros ($146 million) in the first quarter as exchange rates and lower revenues at its investment bank weighed on profits.

Hyundai Motor says its first-quarter profit has plunged to the lowest level in more than eight years as sales dwindled in the United States and China.