{"id":21861,"date":"2022-02-03T12:30:05","date_gmt":"2022-02-03T07:00:05","guid":{"rendered":"https:\/\/www.seminarsonly.com\/news\/?p=21861"},"modified":"2022-02-03T12:30:05","modified_gmt":"2022-02-03T07:00:05","slug":"goog-amd-gm-rally-on-earnings-sbux-mrcy-fall-top-losers-and-gainers","status":"publish","type":"post","link":"https:\/\/seminarsonly.com\/news\/goog-amd-gm-rally-on-earnings-sbux-mrcy-fall-top-losers-and-gainers\/","title":{"rendered":"GOOG, AMD, GM rally on earnings; SBUX, MRCY fall: Top Losers and Gainers"},"content":{"rendered":"

GOOG, AMD, GM rally on earnings; SBUX, MRCY fall: Top Losers and Gainers<\/span><\/h2>\n

During the pre-market period on Wednesday, big-name tech companies reported earnings that dominated the news. As a result of their quarterly reports, the stock prices of Alphabet (NASDAQ:GOOG) and Advanced Micro Devices (NASDAQ:AMD) surged.<\/p>\n

Despite revenue that fell short of expectations, shares of General Motors (NYSE:GM) rose. Customers were enticed by the automaker’s optimistic forecast for 2022.<\/p>\n

As a result of their financial results falling short of expectations, both Starbucks (NASDAQ:SBUX) and Mercury Systems (NASDAQ:MRCY) have reported pre-market losses.<\/p>\n

Gainers<\/span><\/h2>\n

Following the release of a better-than-expected earnings report and the announcement of a 20-for-1 stock split, Google parent company Alphabet (GOOG)(GOOGL) soared nearly 11 percent in pre-market trading.<\/p>\n

\"Stock<\/p>\n

Google’s ad business proved to be a major contributor to the company’s unexpectedly high profit. The total revenue increased by 32% to $75.3 billion.<\/p>\n

Before the opening bell, Advanced Micro Devices (AMD) posted a double-digit percentage gain. Wall Street cheered when the company’s top and bottom lines exceeded expectations.<\/p>\n

Non-GAAP earnings per share (EPS) for the third quarter came in at $0.92, exceeding expectations by $0.16. The company’s earnings rose by 49% to $4.83B, exceeding analysts’ expectations by over $300 million. The company’s CEO predicted “very strong” demand for its server business in 2022.<\/p>\n

Pre-market gains for General Motors (GM) were driven by the company’s strong earnings results, which saw the stock rise 2%. While revenue fell short of expectations, the company came out on top in the bottom line and provided reassuring guidance for 2022.<\/p>\n

Decliners<\/span><\/h2>\n

Shares of Starbucks fell after the company released its quarterly results (SBUX). As a result of rising inflation, the stock fell nearly 3% in pre-market trading on Monday.<\/p>\n

As a result of Mercury Systems’ quarterly update, the stock price fell as well. Both the company’s top and bottom lines failed to meet expectations. Shares fell nearly 9% before the opening bell as a result.<\/p>\n","protected":false},"excerpt":{"rendered":"

GOOG, AMD, GM rally on earnings; SBUX, MRCY fall: Top Losers and Gainers During the pre-market period on Wednesday, big-name tech companies reported earnings that dominated the news. As a…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-21861","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"\nGOOG, AMD, GM rally on earnings; SBUX, MRCY fall: Top Losers and Gainers - Seminarsonly.com<\/title>\n<meta name=\"description\" content=\"Before the opening bell, Advanced Micro Devices (AMD) posted a double-digit percentage gain. 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