Teradyne on Tuesday forecast fourth-quarter revenue above Wall Street expectations, banking on robust demand for its chip-testing equipment, and named a new chief financial officer.
Shares of the company surged more than 22% in premarket trading on Wednesday, after it also surpassed estimates for third-quarter revenue.
Fuel cell manufacturer Bloom Energy Corp kept its meteoric 2025 rise going.
The stock rose 18% in premarket trading following the release of third quarter earnings. Bloom Energy (BE) beat analyst expectations for revenue and earnings. Quarterly revenue stood at $519 million against a consensus estimate of $428 million, according to FactSet. Adjusted earnings were 15 cents per share compared an expected 10 cents. Standard earnings per share netted out to a loss of 10 cents apiece.
Joby Aviation stock jumped 9% in premarket trading. Joby Aviation is collaborating with NVIDIA to advance the development of Joby’s autonomous flight technology "Superpilot" with the integration of NVIDIA’s IGX Thor compute platform.
Seagate Technology PLC shares rose 7% in premarket trading after the storage company posted fiscal first-quarter results and guidance that topped Wall Street's estimates.
For the period ending Oct. 3, Seagate said it earned an adjusted $2.61 per share as revenue jumped 21% year-over-year to come in at $2.63B. The company also said its adjusted gross margin during the period was 40.1%, up from 33.3% in the year-ago quarter, while its adjusted operating margin was 29%, well above last year's 20.4%.
Other data storage companies also gained in premarket trading. SanDisk rose 6% and Western Digital rose 6%; Micron Technology rose 3%.
Data security company Varonis fell 32% in premarket trading after the company fell short of the market’s revenue expectations in Q3 CY2025, but sales rose 9.1% year on year to $161.6 million. Next quarter’s revenue guidance of $168 million underwhelmed, coming in 1.2% below analysts’ estimates. Its non-GAAP profit of $0.06 per share was in line with analysts’ consensus estimates.
Stride shares tumbled 38% in premarket trading after the education technology company’s revenue guidance for both the current quarter and fiscal year 2026 came in significantly below analyst expectations, overshadowing a strong first-quarter performance.
The company reported first-quarter adjusted earnings of $1.52 per share, handily beating the analyst estimate of $1.08. Revenue rose 12.7% YoY to $620.9 million, slightly above the consensus estimate of $615.96 million. Despite the earnings beat, investors focused on Stride’s disappointing outlook.