Alphabet Falls as Carvana Revenue Grows 42%, Sprouts Sales Slip

Alphabet shares fell after third-quarter earnings missed estimates, while Carvana reported 42% revenue growth and Sprouts Farmers Market posted lower comparable-store sales ahead of Thursday's U.S. session.

At 5:24 a.m. ET (09:24 UTC), Nasdaq-100 futures fell 1.21% and S&P 500 futures lost 0.39%. Dow Jones futures gained 198 points, or 0.38%, as investors assessed recent hyperscaler earnings.

Alphabet's GOOG and GOOGL shares declined despite surging Google Cloud revenue. The company cited lower monetization for AI mode searches and said capital expenditures would rise significantly in 2027.

Carvana (CVNA) posted record unit sales and 42% revenue growth, its eighth consecutive quarter with 40% growth. It expects retail unit sales to increase sequentially and adjusted EBITDA to move toward the higher end of its $2.7 billion to $3 billion range for the rest of 2026.

Sprouts Farmers Market (SFM) reported a 0.9% decline in comparable-store sales, and its earnings fell below estimates. The company pointed to a challenging consumer environment and said a cyclospora disruption is expected to remain a factor through the rest of 2026.