12:34 PM EDT, 04/17/2024 (MT Newswires) -- All three of the Wall Street's major market indexes were down at midday Wednesday as earnings season marches on.

In company news, ASML Holding ( ASML ) shares fell 8% in recent trading after the company reported lower Q1 earnings at 3.11 euros ($3.30) per diluted share from 4.95 euros a year earlier. Net sales in the three months ended March 31 fell to 5.29 billion euros from 6.75 billion euros a year earlier. In Q2, the company expects sales of 5.7 billion euros to 6.2 billion euros. Analysts surveyed by Capital IQ expect 6.43 billion euros.

Abbott Laboratories ( ABT ) was down nearly 4% after reporting adjusted Q1 earnings of $0.98 per diluted share, down from $1.03 a year earlier. Net sales for the quarter was $9.96 billion, up from $9.75 billion a year earlier. For 2024, the pharmaceutical and medical supply company narrowed its projections to an adjusted diluted EPS of $4.55 to $4.70 on organic sales, excluding COVID-19 testing-related sales, to 8.5% to 10.0%

Prologis ( PLD ) reported Q1 core funds from operations of $1.28 per diluted share, up from $1.22 in the year-ago quarter and matching the average estimate of analyst polled by Capital IQ. Revenue was $1.96 billion, up from $1.77 billion a year ago. The company said it now expects 2024 core FFO to be between $5.37 and $5.47 per share, down from its previous range of $5.42 to $5.56. Prologis ( PLD ) shares were down 5%.

U.S. Bancorp ( USB ) shares were down 4.5% after reporting Q1 earnings of $0.78 per share, down from $1.04 a year ago and below the Capital IQ analyst consensus estimate of $0.83. Revenue was $6.69 billion, down from $7.14 billion in the year-ago quarter and below the Capital IQ analyst consensus estimate of $6.71 billion.

Travelers (TRV) stock was down 8% after reporting Q1 core earnings of $4.69 per diluted share, up from $4.11 in the year-ago quarter but below the $4.86 forecast by analysts surveyed by Capital IQ. Revenue was higher and above consensus.

Citizens Financial Group ( CFG ) reported Q1 underlying earnings, a non-GAAP measure, of $0.79 per diluted share on Wednesday, down from $1.10 a year earlier but above the consensus of $0.76. Revenue was $1.96 billion, down from $2.13 billion in the year-ago quarter but matched the estimate of analysts. The company's stock was up 1%.

First Horizon ( FHN ) reported Q1 adjusted earnings of $0.35 per share, down from $0.45 a year earlier but above the Capital IQ analyst consensus estimate of $0.34. First-quarter revenue was $819 million, down from $859 million a year ago. First Horizon ( FHN ) shares were up more than 1%.

Tesla (TSLA) will ask its shareholders to vote again on Chief Executive Elon Musk's 2018 compensation package after a Delaware court in January voided the $56 billion set aside for Musk, according to a proxy filing issued Wednesday. Tesla shares were down 1%.

Eli Lilly ( LLY ) said Wednesday that topline results of two phase 3 clinical trials of tirzepatide to treat patients with sleep apnea met their primary endpoints. Eli Lilly's ( LLY ) stock was trading up marginally.