Gap beat Wall Street expectations for third-quarter comparable sales and profit, helped by strong marketing-driven demand for its Old Navy and Banana Republic brand apparel. Shares of the company rose about 6% in overnight trading.
Intuit forecast second-quarter revenue growth above Wall Street estimate, a sign of growing demand for its artificial intelligence-powered financial management tools. Shares of the company rose around 4% in overnight trading.
Some Crypto stocks rebounded in overnight trading. IREN and Cipher Mining rose 2%; BitMine rose 1%.
Nvidia and Tesla rebounded 1.1% in overnight trading.
Elastic shares fell 12.9% in overnight trading despite the search AI company reporting second-quarter fiscal 2026 results that beat analyst expectations, as investors appeared concerned about future growth prospects despite raised guidance.