12:01 PM EDT, 04/22/2024 (MT Newswires) -- Wall Street's major market indexes were all up in midday trading as investors look ahead to a big week for tech earnings.

In company news, Verizon (VZ) reported Q1 adjusted earnings Monday of $1.15 per share, down from $1.20 a year earlier but above the Capital IQ consensus analyst estimate of $1.12. First-quarter revenue was $32.98 billion, up from $32.91 billion in the prior-year quarter and above the $33.23 billion forecast by analysts polled by Capital IQ. For full-year 2024, Verizon maintained its adjusted earnings forecast of between $4.50 and $4.70 per share. Analysts polled by Capital IQ expect $4.57. Shares of the company were down 4.2%.

Truist Financial ( TFC ) reported Q1 adjusted EPS Monday of $0.90, down from $1.05 in the first quarter of 2023 but above the $0.80 forecast by analysts polled by Capital IQ. First-quarter revenue was $4.87 billion, down from both the prior-year figure of $5.34 billion and the Capital IQ analyst consensus estimate of $5.70 billion. Revenue on a taxable equivalent basis is now set to be down about 4% to 5% for 2024, compared with previous projections for a decrease between 1% to 3%, the company said. Truist shares were up 2.3%.

Albertsons (ACI) reported fiscal Q4 adjusted net income Monday of $0.54 per diluted share, down from $0.79 in the prior-year period but above the Capital IQ analyst consensus forecast of $0.52. Net sales and other revenue for the fiscal fourth quarter were $18.34 billion, topping the year-ago figure of $18.27 billion but below the $18.48 billion predicted by analysts polled by Capital IQ. In addition, Albertsons and Kroger ( KR ) announced that they have amended their divestiture plan in response to concerns raised by antitrust regulators in connection with their proposed merger. The companies said they amended their asset sale agreement with C&S Wholesale Grocers to increase the total store count by 166 to include 579 stores that will be sold to C&S. Albertsons stock was down 0.6%, while Korger's was up slightly by 0.1%.

Joint Stock Company Kaspi.kz (KSPI) reported Q1 net income Monday of 223.44 billion Kazakhstani tenge ($500 million), up from 174.21 billion tenge a year earlier. Two analyst polled by Capital IQ called for net income of 220.42 billion tenge. Revenue for the quarter ended March 31 was 552.81 billion tenge, up from 395 billion tenge the year before. Three analysts surveyed by Capital IQ forecast revenue of 525.53 billion tenge. Shares of the company were trading up 3%.

Honda Motor ( HMC ) and Canada are nearing an agreement for the Japanese auto company to build electric vehicles and components in Ontario, Bloomberg reported, citing people familiar with the matter. The deal includes a multibillion-dollar commitment from Honda ( HMC ) for new facilities and a commitment by the Canadian government to subsidize some of the capital costs, according to the report. Honda ( HMC ) shares were up 0.4%.

Sanofi ( SNY ) will pay more than $100 million to settle roughly 4,000 lawsuits accusing it of failing to warn users that its Zantac heartburn medicine could cause cancer, Bloomberg reported, citing people familiar with the deal. The deal provides former Zantac users with an average of more than $25,000 per claim, Bloomberg reported, citing the people. Shares of Sanofi ( SNY ) were up 1.2%.

Chipotle Mexican Grill ( CMG ) opened its first Middle East location in Kuwait City, the company announced Monday. Chipotle said it plans to open its first location in Dubai later this year. Chipotle shares were barely changed.

CNH Industrial ( CNHI ) appointed Gerrit Marx as chief executive on Sunday, effective July 1. Marx will succeed Scott Wine, who will leave the company to pursue other interests, the company said. Marx is rejoining CNH from Iveco Group, where he served as CEO. Shares of the company were down 6.9%.

Tesla (TSLA) dissolved its newly established marketing team as part of a broader layoff strategy, Bloomberg reported Monday, citing people familiar with the matter. There were also significant job cuts to Tesla's Hawthorne, California staff, the report said. Tesla shares were down 3.9%.