Alphabet Shares Rise on Strong Q3 Results; Premarket Movers

Shares of Alphabet Inc. (GOOGL) surged in pre-market trading today following the release of its impressive third-quarter financial results. The company reported a revenue of $88.27 billion, marking a 15% increase compared to the same period last year. This figure exceeded analysts’ expectations, which had estimated revenues at $86.31 billion.

As a result, Alphabet's stock price climbed by 6%, reaching $179.77 during the pre-market session.

Other Premarket Movers

In addition to Alphabet, several other stocks showed significant movement in pre-market trading:

Gainers

• Haoxi Health Technology Limited (HAO) increased by 82.8% to $0.3382. The company recently reported earnings of 4 cents per share for the fiscal year.
• Starbox Group Holdings Ltd (STBX) saw a rise of 80.2% to $0.2433.
• Digital Brands Group, Inc. (DBGI) shares jumped by 50.5% to $0.1540, recovering after a 34% drop on Tuesday following a public offering announcement.
• Ensysce Biosciences, Inc. (ENSC) gained 30.8% to $0.5430, continuing its earlier gains.
• NerdWallet, Inc. (NRDS) reported a 28.7% increase, reaching $14.57 after unveiling better-than-expected quarterly revenues.
• LogicMark, Inc. (LGMK) climbed 26.4% to $0.1464.
• Reddit, Inc. (RDDT) shares rose by 24% to $101.36, following favorable quarterly results and optimistic fourth-quarter guidance.
• Polyrizon Ltd. (PLRZ) gained 20.7% to $1.87 after a significant drop the previous day.
• Snap Inc. (SNAP) shares increased by 11.2% to $12.11 following strong quarterly performance.

Losers

On the other hand, several stocks encountered declines:

• O-I Glass, Inc. (OI) saw its shares fall 18.4% to $10.15 after disappointing quarterly results.
• Spero Therapeutics, Inc. (SPRO) shares decreased by 18.3% to $1.07 following setbacks in a clinical study.
• Qorvo, Inc. (QRVO) fell 18% to $82.40 after issuing a weak guidance forecast.
• GlycoMimetics, Inc. (GLYC) decreased by 14.5% to $0.4189, despite a previous surge related to its merger announcement.
• Thryv Holdings, Inc. (THRY) saw a decrease of 13.7% to $15.80 after pricing a significant public offering.
• Tempest Therapeutics, Inc. (TPST) shares fell 12.3% to $0.9645 after news regarding a Phase 3 trial agreement.
• Ambow Education Holding Ltd. (AMBO) declined 12.3% to $1.50 in pre-market trading.
• Shuttle Pharmaceuticals Holdings, Inc. (SHPH) saw a decline of 12.2% to $1.58 after a public offering announcement.
• Advanced Micro Devices, Inc. (AMD) shares fell 8.6% to $152.00 post-earnings report.
• Trump Media & Technology Group Corp. (DJT) decreased by 8.4% to $47.17 after a previous gain.

This market update showcases the dynamic nature of stocks reacting to earnings announcements and market trends, offering investors insights into the ongoing fluctuations.

Alphabet, stocks, premarket