U.S. stock futures were mostly lower this morning, with the Nasdaq futures falling more than 200 points on Wednesday.
Shares of Alphabet Inc. GOOG 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 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. 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 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 BTDR shares fell 6.8% to $8.37 in pre-market trading. Bitdeer recently appointed Jihan Wu as CEO.
- Advanced Micro Devices, Inc. AMD shares declined 6.7% to $160.50 in pre-market trading following fourth-quarter results.
- Mondelez International, Inc. 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. BITF shares fell 4.8% to $2.20 in pre-market trading after declining around 4% on Tuesday.
- Novartis AG NVS fell 3.3% to $104.20 in pre-market trading following weak quarterly results.
- Tesla, Inc. TSLA shares declined 3.3% to $185.30 in pre-market trading.
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