Google parent Alphabet (GOOGL) shares are jumping in premarket trading after the tech giant beat earnings estimates on surging cloud revenues; Eli Lilly (LLY) shares are tumbling after its results missed the mark; Advanced Micro Devices (AMD) stock is sinking after its net income and sales guidance disappointed investors; shares of Chipotle Mexican Grill (CMG) are dropping after its same-store sales outlook came in below expectations; and Microsoft (MSFT) and Meta (META) shares are rising ahead of thei♐r earnings reports after the close. Here's what investors need to know today.

1. Google Stock Rises on Strong 👍Earnings, Cloud Revenue Growth

Shares of Google parent Alphabet (GOOGL) are up 6% in premarket trading after the tech giant reported 澳🦩洲幸运5官方开奖结果体彩网:better-than-expected third-quarter earnings. Alphabet's revenue climbed 15% year-over-year to $88.27 billion and net income came in at $26.3 billion, or $2.12 per share, beating consensus expectations of analysts polled by Visible Alpha. Google Cloud delivered revenue of $11.4 billion, exceeding projections and representing 35% growth from the year-ago period as demand for 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) surged.

ꦦ2. Eli Lilly Stock Tumbles as Results Fall Well Short of Estimates

Shares of Eli Lilly (LLY) are sinking 10% in premarket trading after it reported third-quarter revenue and net income that were 澳洲幸运5官方开奖结果体彩网:well short of analysts' estimates. Lilly reported a profit of $970.3 million, or $1.07 per share, well below the $1.69 billion and $1.87 per share analysts were projecting. Adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $1.18 was barely half of the expected $2.18. Weight-loss drugs Mounjaro and Zepbound continue to boost Eli Lilly's sales, with its revenue of $11.44 billion coming in above last year's $9.50 billion, although below the $12.18 billion consensus🐭.

3. 🅷AMD Stock Plummets After Earnings Miss, Soft Guid💦ance

Advanced Micro Devices (AMD) shares are falling 8% in premarket trading after the chipmaker reported 澳洲幸运5官方开奖结果体彩网:weaker-than-expected net income and guidance for the fourth quarter. While the 𝔉company's third-quarter revenue grew 18% year-over-year to $6.82 billion, ahead of expectations, its net income of $771 million, or 47 cents per share, was below projections. AMD said it expects fourth-quarter revenue of betwe♔en $7.2 billion and $7.8 billion, with the midpoint below analysts' consensus of $7.6 billion.

ꦚ4. Chipotle Stock Sinks as Sales Outlook Disappoints Investor🅷s

Chipotle Mexican Grill (CMG) shares are falling 6% in premarket trading after the restaurant chain 澳洲幸运5官方开奖结果体彩网:rep🅷orted a weaker-than-expected sales forecast. Chipotle said it expects to see 2024 same-store sales increase in the mid- to high-single-digit range, while analysts were anticipating a 7.5% growth rate, according to Visible Alpha. The chain's revenue of $2.79 billion met expectations, while its net income of $387.4 million beat estimates. 

5. Investors Await Microsoft, Meta Earnings

Shares of 澳洲幸运5官方开奖结果体彩网:Magnificent Seven firms Microsoft (MSFT) and Meta Platforms (META) are trading higher in premarket trading ahead of their scheduled earnings releases after markets close today. Microsoft stock is up by 2% 澳洲幸运5官方开奖结果体彩网:ahead of its earnings report, which is expected to show the tech giant deliver a 14% jump in quarterly revenue. Facebook parent Meta, whose shares are also higher by 2%, is expected to register 澳洲幸运5官方开奖结果体彩网:revenue growth of 18%. Earnings from 澳洲幸运5官方开奖结果体彩网:Appleꦍ, Amazon, and Intel are schedu🦩led for Thursday.