Check out the companies making headlines before the bell. Alphabet — Alphabet’s stock declined 5.2% after posting disappointing fourth-quarter advertising revenue . The Google parent topped Wall Street’s expectations on the top and bottom lines, but recorded advertising revenue of $65.52 billion. That fell short of the $65.94 billion expected by analysts polled by StreetAccount. Paramount Global — The media company’s stock surged more than 13% in premarket trading on news that billionaire entrepreneur Byron Allen submitted a $14.3 billion takeover offer . The deal values Paramount at about $30 billion, including debt and equity. Advanced Micro Devices — The semiconductor company’s shares slid 4.3% after posting fourth-quarter earnings Tuesday that came out in line with consensus expectations. AMD beat quarterly revenue estimates, but also gave a softer-than-expected first-quarter forecast. For the first quarter, the company said it expects roughly $5.4 billion in sales, plus or minus $300 million, while analysts had forecasted a revenue of $5.73 billion. Microsoft — Shares edged lower by 0.2% after the tech giant beat on top and bottom lines for its fiscal second quarter, but issued a lighter-than-expected third-quarter revenue outlook. The stock had slipped as much as 2% in extended trading immediately after the results were released. Boeing — The airline stock gained 1.3% after Boeing narrowed its losses at the end of last year, report …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines before the bell. Alphabet — Alphabet’s stock declined 5.2% after posting disappointing fourth-quarter advertising revenue . The Google parent topped Wall Street’s expectations on the top and bottom lines, but recorded advertising revenue of $65.52 billion. That fell short of the $65.94 billion expected by analysts polled by StreetAccount. Paramount Global — The media company’s stock surged more than 13% in premarket trading on news that billionaire entrepreneur Byron Allen submitted a $14.3 billion takeover offer . The deal values Paramount at about $30 billion, including debt and equity. Advanced Micro Devices — The semiconductor company’s shares slid 4.3% after posting fourth-quarter earnings Tuesday that came out in line with consensus expectations. AMD beat quarterly revenue estimates, but also gave a softer-than-expected first-quarter forecast. For the first quarter, the company said it expects roughly $5.4 billion in sales, plus or minus $300 million, while analysts had forecasted a revenue of $5.73 billion. Microsoft — Shares edged lower by 0.2% after the tech giant beat on top and bottom lines for its fiscal second quarter, but issued a lighter-than-expected third-quarter revenue outlook. The stock had slipped as much as 2% in extended trading immediately after the results were released. Boeing — The airline stock gained 1.3% after Boeing narrowed its losses at the end of last year, report …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
