ICL Group's stock fell 5.02% in pre-market trading on Wednesday, following the release of its fourth-quarter financial results that fell short of analyst expectations.

The company reported adjusted earnings of $0.09 per share for the quarter, missing the consensus estimate of $0.10 per share. While this represents a year-over-year increase from $0.08 per share, the earnings miss of 5.26% disappointed investors. Quarterly sales came in at $1.70 billion, which also fell short of the $1.77 billion analysts had anticipated, despite showing growth from $1.60 billion in the same period last year.

The dual miss on both earnings per share and revenue targets appears to be the primary driver behind the significant pre-market sell-off, as markets react negatively to the company's performance relative to expectations.