NEW YORK (TheStreet) -- Stock futures moved modestly higher on Friday morning to begin the new month, recovering from a selloff a day earlier that undermined benchmark indexes' April gains.
S&P 500 futures were up 0.37%, Dow Jones Industrial Average futures gained 0.48%, and Nasdaq futures climbed 0.3%.
There was no shortage of earnings to sift through on Friday, either. CVS Caremark (CVS) edged higher after reporting quarterly earnings of $1.14 a share, 6 cents better than expected. Revenue of $36.33 billion came in 11.1% higher than a year earlier.
LinkedIn (LNKD) tanked more than 20% in premarket trading after lowering its outlook for the year. The networking site guided for second-quarter sales between $670 million and $675 million, below forecasts for $717.5 million.
Visa (V) was more than 1% lower despite beating earnings expectations on the top- and bottom-line. Currency exchange was a major hurdle this quarter, cutting into first-quarter growth by 2.5 percentage points. Over the full year, the stronger dollar is expected to reduce sales by 2%.
Gilead Sciences (GILD) gained 3% in premarket trading after posting earnings of $2.94 a share in its first quarter, beating estimates by 62 cents. Revenue of $7.6 billion rocketed 52% higher and beat forecasts.
Dreamworks Animation (DWA) fell 2.1% after reporting a wider-than-expected loss in its first quarter. Revenue climbed across all operating segments, with library titles such as How to Train Your Dragon 2 contributing significantly to feature film sales.
Charter Communications (CHTR) fell more than 3% in premarket trading as quarterly losses widened to 73 cents a share from 35 cents a year earlier. Analysts expected a loss of 7 cents a share.
Warren Buffett's Berkshire Hathaway (BRK.A) is scheduled to report after markets close on Friday. Thousands of investors in the company are heading to Berkshire's home city of Omaha, Neb., this weekend for the company's annual meeting.
Tesla (TSLA) added more than 1% after unveiling a new line of products called Tesla Energy. The new product line focuses on clean energy batteries for homes, businesses and utilities.