Benzinga
Published Jan 31, 2024 11:10
Updated Jan 31, 2024 12:10
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.
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Don’t forget to check out our premarket coverage here
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