Stock futures moved higher on Thursday after a string of positive earnings reports from the likes of American Express (AXP) and Qualcomm (QCOM) . 

S&P 500 futures were up 0.3%, Dow Jones Industrial Average futures added 0.2%, and Nasdaq futures climbed 0.4%. 

American Express moved 2.6% higher in premarket trading following a first-quarter earnings beat. The credit card company reported earnings of $1.34 a share on revenue of $7.9 billion. Analysts anticipated $1.28 a share in earnings on sales of roughly $7.7 billion. Excluding its Costco-related revenue, adjusted sales came in 7% higher than a year earlier. 

Qualcomm added 1.1% in premarket trading following better-than-expected earnings and sales over its fiscal second quarter. Per-share earnings of $1.34 a share beat expectations of $1.19, while revenue of $5.99 billion came in higher than analysts' targets of $5.89 billion. Qualcomm's third-quarter profit guidance of 90 cents to $1.15 a share bracketed estimates of $1.09.

The chipmaker is currently embroiled in two different lawsuits over high patent fees, including a $1 billion claim against it by Apple (AAPL) . The company, which is one of Apple's suppliers, said it is not clear whether Apple's contract manufacturers will underpay royalties owed under their contracts this quarter. 

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Verizon (VZ) declined by 1.6% before the bell after just falling shy of profit estimates over its first quarter and reporting a decline in revenue. Adjusted earnings of 95 cents a share came in a penny short of estimates. Revenue fell to $29.81 billion over the quarter, down from $32.17 a year earlier and below consensus of $30.41 billion. Wireless customers fell for the first time. The telecom committed to previous 2017 guidance. 

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