Cadence Design Systems reported revenue and earnings growth and offered a conservative second quarter outlook. First Republic Bank reported a sharp jump in deposit outflows and an increase in borrowings. UPS said full-year 2023 revenue is likely to be near the low end of its estimated range.

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Philips NV advanced after the medical technology company reported better-than-expected quarterly results. Coca-Cola said price hikes drove sales increase in the first quarter. Credit Suisse struggled to reverse deposit outflow in the first quarter.

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Schlumberger or SLB reported a surge in revenue and earnings and offered a positive multi-year outlook as exploration budgets expand worldwide. HCA Healthcare raised its annual revenue and earnings outlook.

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Tesla said first quarter earnings dropped after the electric vehicle maker lowered prices several times. IBM reiterated its annual free cash flow outlook. AT&T free cash flow fell sharply but the company reiterated its full-year estimate.

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Morgan Stanley said first quarter earnings declined, confirming the industry trend reported by other large investment banks. Netflix estimated flat revenue in the second quarter. Baker Hughes said new orders declined sequentially in the first quarter.

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Goldman Sachs reported a decline in revenue partly driven by weak investment banking and fixed-income business. Lockheed Martin

Charles Schwab said revenue and earnings rose in the first quarter. State Street revenue in the March quarter declined after assets under management fell. The online gaming company Roblox estimated revenue in March is likely to decline.



JPMorgan reported record revenue in the first quarter. Citigroup, Wells Fargo and PNC Financial quarterly results matched or exceeded expectations. Boeing said 737 airplanes deliveries are likely to be delayed after Spirit AeroSystems notified issues with aft fuselage parts.

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Progressive Corp reported a net loss in March after higher than anticipated severity in previously closed claims. Delta Air reported record June quarter advanced bookings. Infosys forecasted weaker revenue outlook in the current quarter.

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Berkshire Hathaway plans to expand its investment in five largest trading conglomerates of Japan. Apple is set to launch its retail operation in India next week. CarMax revenue and earnings declined in its latest quarter.

Semiconductor stocks declined after Samsung announced its plant to halt memory chip production in the near term. Taiwan Semi reported a decline in March sales. Tesla plans to build an EV battery factory in China. First Republic suspended dividend on its preferred stock.

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Costco Wholesale reported comparable sales excluding gasoline at U.S. locations dropped to the lowest level in nine years in March. Gold miners were in focus after the price of yellow metal stayed above the $2,000 mark for the third day in a row.

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Johnson & Johnson settled a lawsuit alleging that the company's talc products caused cancer. FedEx hiked dividend and announced a reorganization that is expected to cut costs and realign executive compensation program.

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Acuity Brands reported a rise in sales and earnings in its fiscal second quarter. AMC Entertainment settled a shareholder lawsuit related to its preferred unit conversion plan. Virgin Orbit filed for chapter 11 protection in the U.S.

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World Wrestling Entertainment agreed to merge with UFC. Extra Space agreed to acquire Life Space. Tesla said electric vehicle production increased at a slower pace in the first quarter.

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