11:58 AM EST, 02/05/2025 (MT Newswires) -- The Nasdaq Composite and the S&P 500 were down in late-morning trading on Wednesday following the release of earnings results from some of the world's largest tech companies.

In company news, Alphabet (GOOG, GOOGL) reported Q4 earnings late Tuesday of $2.15 per diluted share, up from $1.64 a year earlier and above the consensus estimate of analysts surveyed by FactSet of $2.13. Fourth-quarter revenue was $96.47 billion, up from $86.31 billion in the year-ago period but below the FactSet consensus estimate of $96.68 billion. Shares of Alphabet were down 7.9% near noon.

Advanced Micro Devices ( AMD ) reported late Tuesday Q4 non-GAPP earnings of $1.09 per diluted share, up from $0.77 a year ago and above the FactSet consensus analyst estimate of $1.08. Fourth-quarter revenue was $7.66 billion, up from $6.17 billion in the year-ago period and above the FactSet estimate of $7.53 billion. The chipmaker said it expects Q1 revenue of about $7.1 billion, plus or minus $300 million. The midpoint of the guidance range implies annual growth of around 30% and a sequential decline of about 7%. Analysts expect about $7.05 billion. AMD shares were down 8.3%.

Novo Nordisk ( NVO ) on Wednesday reported Q4 earnings of 6.34 Danish kroner ($0.88) per diluted share, up from 4.91 kroner a year earlier and above the FactSet analyst consensus of 5.96 kroner. Fourth-quarter sales were 85.68 billion kroner, up from 65.86 billion kroner in the year-ago period and above the analyst consensus of 80.7 billion kroner. For full-year 2025, the company expects constant-exchange-rate sales growth of 16% to 24%. Novo Nordisk ( NVO ) shares were up 4.5%.

Walt Disney ( DIS ) reported fiscal Q1 adjusted earnings Wednesday of $1.76 per diluted share, up from $1.22 a year earlier and above the FactSet analyst consensus estimate of $1.45. Fiscal Q1 revenue was $24.69 billion, up from $23.55 billion in the year-ago period and above the FactSet consensus of $24.67 billion. For fiscal 2025, the company expects adjusted EPS to grow in the high-single digits relative to 2024. Analysts polled by FactSet expect $5.41. Disney ( DIS ) shares were down 1.0%.

Uber Technologies ( UBER ) reported Q4 earnings Wednesday of $3.21 per diluted share, up from $0.66 a year earlier and above the FactSet consensus analyst estimate of $0.50. Fourth-quarter revenue was $11.96 billion, up from $9.94 billion in the year-ago period and above the FactSet consensus of $11.76 billion. Uber ( UBER ) said it expects Q1 gross bookings to be in a range of $42 billion to $43.5 billion. The guidance range's midpoint of $42.75 billion fell short of the FactSet-polled consensus of $43.48 billion, according to MT Newswires' calculations. Uber ( UBER ) shares were down 6.9%.

UnitedHealth Group ( UNH ) shares fell on Wednesday following a now-deleted post from investor Bill Ackman on X questioning the company's profitability and stating that he would short its stock, Bloomberg reported. Shares of the company were down 2.8%.

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