Alphabet Shares Rise After Strong Quarterly Results

Shares of Alphabet Inc. (GOOGL) experienced a significant increase in pre-market trading today following the release of impressive third-quarter financial results.

The tech giant reported a third-quarter revenue of $88.27 billion, which marks a 15% increase compared to the same period last year. This revenue surpassed the average analyst expectation of $86.31 billion.

In response to these results, Alphabet's stock price jumped by 6%, reaching $179.77 in pre-market trading.

Alongside Alphabet, several other stocks are also seeing notable movement in pre-market trading today.

Top Gainers

• Haoxi Health Technology Limited (HAO) surged by 82.8% to $0.3382. The company recently announced annual earnings of 4 cents per share.
• Starbox Group Holdings Ltd (STBX) rose by 80.2% to $0.2433.
• Digital Brands Group, Inc. (DBGI) saw an increase of 50.5% to $0.1540. This surge comes after a recent drop of approximately 34% on Tuesday due to a public offering.
• Ensysce Biosciences, Inc. (ENSC) gained 30.8% to $0.5430, following a previous increase of about 25% on Tuesday.
• NerdWallet, Inc. (NRDS) shares rose by 28.7% to $14.57 after reporting better-than-expected fourth-quarter revenue results.
• LogicMark, Inc. (LGMK) climbed by 26.4% to $0.1464.
• Reddit, Inc. (RDDT) saw a gain of 24% to $101.36 after exceeding third-quarter financial expectations and providing optimistic fourth-quarter revenue guidance.
• Polyrizon Ltd. (PLRZ) shares rose by 20.7% to $1.87 after a large drop of 65% on Tuesday.
• Snap Inc. (SNAP) shares increased by 11.2% to $12.11 following strong third-quarter results.

Top Losers

• O-I Glass, Inc. (OI) shares dropped by 18.4% to $10.15 after reporting disappointing third-quarter results and providing lower-than-expected FY24 adjusted earnings forecasts.
• Spero Therapeutics, Inc. (SPRO) fell by 18.3% to $1.07 after its study results did not meet expectations.
• Qorvo, Inc. (QRVO) shares declined by 18% to $82.40 due to weak guidance.
• GlycoMimetics, Inc. (GLYC) saw a reduction of 14.5% to $0.4189 after an impressive previous day.
• Thryv Holdings, Inc. (THRY) fell by 13.7% to $15.80 following a public offering announcement.
• Tempest Therapeutics, Inc. (TPST) declined by 12.3% to $0.9645 after entering a significant agreement for a Phase 3 trial.
• Ambow Education Holding Ltd. (AMBO) shares decreased by 12.3% to $1.50.
• Shuttle Pharmaceuticals Holdings, Inc. (SHPH) dropped by 12.2% to $1.58 as the company announced a public offering.
• Advanced Micro Devices, Inc. (AMD) shares fell by 8.6% to $152.00 after reporting its quarterly earnings.
• Trump Media & Technology Group Corp. (DJT) dipped by 8.4% to $47.17 after an earlier gain.

This analysis highlights the fluctuations in stock prices influenced by recent earnings reports and market reactions.

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