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Alphabet Reports Q4 Results, Joins AMD, Tesla And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

Published 31/01/2024, 11:10
© Reuters. Alphabet Reports Q4 Results, Joins AMD, Tesla And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

Benzinga - by Avi Kapoor, Benzinga Staff Writer.

U.S. stock futures were mostly lower this morning, with the Nasdaq futures falling more than 200 points on Wednesday.

Shares of Alphabet Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) shares fell in today’s pre-market trading following fourth-quarter results.

Alphabet posted better-than-expected earnings results for its fourth quarter on Tuesday. However, Google’s advertising sales came in short of market estimates.

Alphabet’s fourth-quarter revenue increased 13% year-over-year to $86.31 billion, which beat the consensus estimate of $85.33 billion, according to Benzinga Pro. The company reported quarterly adjusted earnings of $1.64 per share, which beat analyst estimates of $1.59 per share.

Alphabet shares fell 5.6% to $144.45 in pre-market trading.

Here are some big stocks recording losses in today’s pre-market trading session.

  • American Superconductor Corporation (NASDAQ: AMSC) shares fell 14.3% to $11.52 in pre-market trading after the company announced a proposed public offering of common stock.
  • Teradyne, Inc. (NASDAQ: TER) shares declined 7.3% to $96.99 in pre-market trading after the company posted downbeat fourth-quarter sales and issued weak forecast for the first quarter.
  • J-Long Group Limited (NASDAQ: JL) shares fell 7% to $10.23 in pre-market trading. J-Long Group recently announced closing of its initial public offering.
  • Bitdeer Technologies Group (NASDAQ: BTDR) shares fell 6.8% to $8.37 in pre-market trading. Bitdeer recently appointed Jihan Wu as CEO.
  • Advanced Micro Devices, Inc. (NASDAQ: AMD) shares declined 6.7% to $160.50 in pre-market trading following fourth-quarter results.
  • Mondelez International, Inc. (NASDAQ: MDLZ) shares fell 5.8% to $71.87 in pre-market trading after the company reported fourth-quarter financial results and issued guidance.
  • Bitfarms Ltd. (NASDAQ: BITF) shares fell 4.8% to $2.20 in pre-market trading after declining around 4% on Tuesday.
  • Novartis AG (NYSE: NVS) fell 3.3% to $104.20 in pre-market trading following weak quarterly results.
  • Tesla, Inc. (NASDAQ: TSLA) shares declined 3.3% to $185.30 in pre-market trading.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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