Earnings Report

The automaker recorded U.S. sales growth in the first quarter, but investors are wary of higher costs.

U.S. stocks are higher Tuesday morning as investors applaud strong first-quarter results from companies including machinery maker Caterpillar, appliance maker Whirlpool and Fifth Third Bancorp.

Wynn Resorts reported a first-quarter loss on Tuesday, its bottom line weighed by a nearly $465 million charge link to a legal settlement.

Despite concern, quarterly revenue is expected to rise 42%.

The automaker has undertaken an effort to improve its financial 'fitness' under new CEO Jim Hackett.

The company delivered a record number of commercial planes in 2017 and was one of the top Dow performers.

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

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.