Shares of the enterprise search software company Elastic soared 18.8% in premarket trading after the company delivered fiscal first-quarter results that easily beat Wall Street’s targets.
Gap named industry veteran Michael Francis as Old Navy's new CEO to reinvigorate the struggling brand, while improved pricing led to a quarterly profit beat and a strong forecast for the wider company. Shares of the company soared 14.9% in premarket trading on the leadership change at Old Navy, its biggest brand, and after the apparel retailer raised its annual profit forecast, partly on robust sales at the Gap brand.
Affirm Holdings Jumps 12% after the fintech comfortably beat Wall Street’s quarterly estimates, accelerating its march toward an ambitious $100 billion goal by decade’s end.
IREN Ltd tumbled more than 8% in premarket trading late Thursday after the bitcoin miner and AI infrastructure company reported quarterly earnings and revenue below Wall Street expectations, underscoring the costs of its ongoing transition toward AI cloud services.
Rubrik reported fiscal second quarter financial results that handily beat estimates while October quarter sales guidance topped views. Rubrik stock falls 7% in premarket trading
Marvell Technology slid over 9% as concerns over the timing of revenue from the Google agreement overshadowed an increase in revenue forecasts for fiscal 2027 and 2028. The stock has nearly tripled so far this year on AI-driven optimism.
PayPal falls 15% as a consortium of buyout firm Advent and payment processor Stripe has decided to abandon its pursuit of fintech pioneer PayPal
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