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Re:Google Announces Fourth Quarter and Fiscal Year 2023 Resu... by methodical on Tuesday January 30, 2024 @04:21PM (#39196030)
Without being an expert in these matters it could be that while the earnings were good they may have already been "priced in"[0], so if the earnings weren't quite as high as expected or particular areas of revenue have contracted unexpectedly[1] then it could cause the price to move downwards. It could also be a result of larger market fluctuations, as a lot of larger F100 companies have also gone down by a similar amount today[2]. Any one of these factors or a combination of them together is likely the cause of the stock price movement seen today.

[0] https://www.kotaksecurities.com/articles/it-is-priced-in-wha...

[1] https://finance.yahoo.com/news/alphabet-misses-expectations-...

[2] https://www.investors.com/market-trend/stock-market-today/do...

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