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