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

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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