General Motors is likely to report a big hit to earnings Thursday as it continues to work through its ongoing recall problems.Industry analysts forecast GM would deliver a meager 9 cents per share in earnings for the first three months of 2014.
Facebook's mobile advertising business continued to accelerate in the first three months of the year, helping the Internet social networking company top Wall Street's revenue target.Shares of Facebook were up nearly 3 percent at $63.05 in after-hours trading Wednesday.
Apple posted quarterly earnings and revenue that topped estimates Wednesday and announced a 7-for-1 stock split and an 8-percent dividend increase.The news sent Apple stock soaring over 8 percent in after-hours trading in New York.The company reported earnings of $11.62 a share, on revenue of $45.
Facebook's stock first dropped, then rose, after the company reported earnings that beat investor expectations Wednesday.Chief Financial Officer David Ebersman also said he would step down from the company on June 1, to be succeeded by David Wehner, former CEO of Zynga.
Stocks were mixed on Wednesday, with Wall Street retreating after a sixth day of gains for the S&P 500 and Nasdaq, as Wall Street gauged earnings from companies including Boeing and AT&T and awaited quarterly results from Apple.