Earnings Report

Asian stock markets were mostly higher Monday as anxiety over the downing of a Malaysian jetliner over Ukraine eased and investors shifted their focus to U.S. corporate earnings.

The largest U.S. cable TV provider posted a profit of $1.4 billion driven by strength on the cable side of the business.

Eaton's first-quarter earnings rose 22% with the help of its Cooper Industries acquisition, but revenue growth fell short of Wall Street views as global demand continued to slow.

Verizon shares roared more than 3% higher as traders responded to stronger-than-expected quarterly profits from the telecom giant. 

Warren Buffett's Berkshire Hathaway Inc said quarterly profit doubled to a record, reflecting a large gain on its stake in Kraft Heinz Co , while operating profit declined.

Qualcomm Inc reported higher-than-expected quarterly profit and revenue, helped by lower costs and strong demand for the new version of its Snapdragon mobile chips.

AT&T Inc, long the No. 2 U.S. wireless carrier and since July the world's biggest pay-TV operator, reported an 18.6% rise in quarterly revenue, helped by its DirecTV acquisition and as it added more prepaid mobile subscribers.

Telecommunications and wireless equipment maker Nokia Corp. says second-quarter net profit was €347 million euros ($383 million), with growth particularly strong in its core networks division.

LG Electronics says its second quarter earnings sank 45 percent over a year earlier as losses widened in its TV business.

China Telecom Ltd., one of China's three main state-owned phone carriers, says its quarterly profit fell 9 percent from a year earlier due to tax changes and a rise in personnel costs.

Huawei Technologies Ltd., one of the world's biggest makers of telecommunications equipment, says its 2014 profit rose 33 percent, helped by strong sales of smartphones.

LG Electronics Inc. lost money in the fourth quarter due to the closure of its plasma TV operations but its operating income rose thanks to a mobile business recovery.

AT&T booked a nearly $4 billion loss for the fourth quarter because of a slew of one-time expenses that included a loss on benefit plans, but its revenue grew 4 percent to top expectations.

Blackberry reported an adjusted profit for its fiscal third quarter, surprising Wall Street.

Sony Corp. says losses for July-September ballooned to 136 billion yen ($1.2 billion) as the Japanese electronics and entertainment company's troubled mobile phone division reported huge red ink.

South Korea's LG Electronics Inc. says its third-quarter profit jumped 87 percent over a year earlier as smartphone sales set a record high.

AT&T says it gained 2 million wireless subscribers in the latest quarter, but most were from non-phone services such as tablets and Internet-connected cars.

Verizon Communications Inc on Tuesday posted lower quarterly earnings, but revenue rose as it added customers to its wireless business.

The world's biggest smartphone maker is suffering a stunning financial decline in the face of intense competition from Apple Inc. and upstart Chinese brands.

China Telecom Ltd., one of the country's three main state-owned carriers, says its profit rose 11.8 percent in the first half of the year as its Internet and mobile data businesses grew.