A lot of tech companies, including Google and Facebook, are expected to report better-than-expected fourth-quarter earnings on Tuesday.
Google is expected to be better-off than expected, but not as much as investors thought.
Here’s a look at the biggest tech companies that are likely to be worse-off in the fourth quarter.
(Read more)Google (GOOGL)Google is set to report earnings that are about 7% below the $16 billion it forecast on Tuesday and will have to declare a loss.
Analysts expect the company to post earnings of $8 billion or less.
Google was expected to beat analysts’ estimates by 6.4% to 7% on Tuesday, according to FactSet.
The company reported earnings of 47 cents per share on revenue of $2.1 billion.
Shares of Google (GPRO) fell 1.6% to $37.96 on Tuesday after the company posted a loss of $3.1 million.
Shares fell 3.7% to 4,054, with the average share price of the S&P 500 index falling 3.5%.
Shares of Twitter (TWTR) slid 3.3% to close at $45.72.
Shares of Facebook (FB) rose 0.5% to just under $57 billion.
(Reporting by James Baker; Editing by Sandra Maler)
