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  Google CEO Sundar Pichai speaks at a panel at the CEO Summit of the Americas hosted by the U.S. Chamber of Commerce on June 09, 2022 in Los Angeles, California. Anna Moneymaker | Getty Images Results were good, but not good enough. That’s Wall Street’s reaction to quarterly results on Tuesday from  Alphabet  and  Microsoft . Both companies reported revenue and earnings that exceeded estimates, yet the stocks sold off in extended trading. In investor speak, the stocks were priced for perfection. Alphabet shares are up 56% for the year and  climbed to a fresh high  last week, exceeding the prior record from late 2021, the peak of the tech boom. Microsoft is up 70% over the past 12 months, also reaching a fresh high recently and surpassing  Apple  as the  most valuable  publicly traded company. The companies generated excitement last year by riding the artificial intelligence wave, and were also lauded by shareholders for their dramatic cost-cutting efforts, which included eliminating t

  Elon Musk, CEO of Tesla, speaks at the Atreju political convention organized by Fratelli d’Italia (Brothers of Italy) in Rome, Italy, on Dec. 15, 2023. Antonio Masiello | Getty Images Tesla  reported revenue and profit for the fourth quarter that missed analysts’ estimates as automotive revenue increased just 1% from a year earlier. The stock slid almost 6% in extended trading. Here are the key numbers: Earnings per share:  71 cents, adjusted vs. 74 cents expected by LSEG, formerly known as Refinitiv. Revenue:  $25.17 billion vs. $25.6 billion expected by LSEG. Total revenue increased 3% from $24.3 billion a year earlier. Operating margin for the quarter came in at 8.2%, down from the year-ago quarter’s figure of 16% and slightly higher than 7.6% in the prior quarter. Meager growth in auto revenue was partly due to a reduced average selling price following steep price cuts around the world in the second half of the year. Net income for the quarter more than doubled to $7.9 billion, o

  WATCH NOW VIDEO 02:58 Bad earnings coupled with hot CPI report could ‘crack the exterior’ of the markets, says Jim Cramer CNBC’s  Jim Cramer  bemoaned Thursday’s hotter-than-expected  inflation  figures for December, saying the data was a blow to bulls hoping for interest rate cuts from the Federal Reserve. He said the market needs a solid start to earnings season on Friday to improve the averages. “The bulls didn’t get the cool inflation number they wanted. Consider that strike one of a two-strike game,” he said. “Tomorrow’s earnings bring another pitch. If we get another swing and a miss, I don’t think the averages will be able to rebound like they did this afternoon.” The  consumer price index  increased 0.3% in December from the month before, higher than most economists estimated, which suggests the U.S. doesn’t yet have a handle on inflation. Following the news, the  Nasdaq Composite  closed flat, the  Dow Jones Industrial Average  gained 0.04% and the  S&P 500  edged down 0