24H|Ouster Soars 22%; Expedia Pops 18%; SoundHound AI Surges 15%; Firefly Falls 5%; Pinterest Drops 11%; Trade Desk Sinks 28%

Tiger Newspress
3 hours ago

Lidar-maker Ouster delivered better-than-expected second-quarter results and gave solid guidance for the current quarter. Shares were rising 22% in overnight trading.

Expedia raised its annual forecast for gross bookings and revenue growth, amid a recovery of demand in the United States, sending the online travel company's shares up more than 18% in overnight trading.

SoundHound AI’s Q2 revenue more than tripled due to increased adoption of its voice AI tools by large companies. SoundHound AI raised its full-year revenue outlook to between $160 million and $178 million. SoundHound AI’s CEO says businesses now see AI customer service as a necessity, not just a proof of concept. The shares jumped 14.6% in overnight trading.

Instacart forecast third-quarter gross transaction value above Wall Street estimates, betting on resilient demand amid efforts to offer cheaper groceries through its platform, sending its shares up 13.9% in overnight trading.

$Array Technologies(ARRY)$ Q2 adj. EPS $0.25 beat $0.20 estimate, sales $362.24M beat $290.23M estimate. The shares jumped 11.3% in overnight trading.

MP Materials posted a smaller-than-expected second-quarter loss, as the U.S. rare earths miner benefited from higher production amid booming demand, sending its shares up 10.2% in overnight trading.

Block reported a rise in second-quarter income and raised its annual gross profit forecast, as the payments firm was helped by resilient consumer spending, lifting its shares 6.3% higher in overnight trading.

Globalstar’s second quarter brought double-digit revenue growth, cruising past analyst profit forecasts as demand jumped for internet-of-things and wholesale services. The shares gained 5.2% in overnight trading.

Take-Two raised its annual bookings forecast, betting on strong demand for its new "Mafia" and "Borderlands" titles, sending its shares up 4.3% in overnight trading.

Akamai raised its annual revenue and profit forecast on Thursday, helped by steady demand for its cloud infrastructure services and content delivery network offerings. The shares rose 4.2% in overnight trading.

Gilead Sciences reported flat second-quarter earnings on slightly higher revenue and raised its full-year financial outlook, citing better-than-expected sales of HIV drugs. The shares rose 3.1% in overnight trading.

Rocket Lab Chief Executive Officer Peter Beck raised the prospect of a delay for the long-awaited Neutron rocket, saying “every single thing needs to go to plan” to meet its year-end target. The shares fell 2% in overnight trading.

Chime beat Wall Street estimates for second-quarter revenue, driven by strong demand for its digital banking and financial services, in its first results following a blockbuster U.S. listing. While the shares fell 2% in overnight trading.

Serve Robotics reported quarterly losses of 24 cents per share, which missed the Street estimate for losses of 21 cents. The shares dropped 3.4% in overnight trading.

Firefly Aerospace shares dropped 5.8% in overnight trading. The shares climbed 34% in their public debut, marking the next evolution for a company that survived bankruptcy and turmoil to develop its own fleet of rockets and successfully land a private spacecraft on the moon.

Microchip Technology shares tumbled 6.4% after the embedded control solutions provider reported first-quarter fiscal 2026 results that beat analyst expectations but failed to meet elevated investor hopes.

Pinterest reported second-quarter sales that beat analysts’ expectations, but earnings for the second quarter were less than Wall Street expected and user growth in the US and Canada, the company’s most lucrative market, was flat. The stock dropped 10.7% in overnight trading.

Twilio reported earnings guidance for the current quarter that fell short of estimates even as second-quarter results topped Wall Street estimates underpinned by continued strength in its customer engagement platform and AI-driven innovation. The shares sank 10.9% in overnight trading.

Sweetgreen slashed its sales guidance after a second straight quarter of disappointing results, highlighting the salad chain’s struggles to sell $15 salads to budget-strained diners. The shares tumbled 22.6% in overnight trading.

Trade Desk reported a sharp slowdown in second-quarter revenue growth on softer demand for its digital advertising services in the connected TV market, sending its shares plummeting more than 28% in overnight trading.

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