Amazon.com forecast quarterly revenue largely above Wall Street estimates on Thursday on strong demand for its cloud services as businesses continue to spend relentlessly on artificial intelligence software development.
Shares of Amazon soared 13% in overnight trading, lifting the company's market value by about $270 billion.
Reddit forecast fourth-quarter revenue above Wall Street estimates on Thursday as its artificial intelligence-powered advertising tools help draw more marketing spending, sending shares of the social media platform up 10% in overnight trading.
Western Digital forecast second-quarter earnings above Wall Street estimates on Thursday, betting on higher demand for its data storage products as cloud providers increase data center capacity.
The company also increased the quarterly cash dividend on its common stock by 25% to $0.125 per share, sending its shares up 9% in overnight trading.
Apple Chief Executive Tim Cook on Thursday gave a forecast for holiday quarter iPhone sales and overall revenue that beat Wall Street expectations, powered by orders for iPhone 17 models that the company is racing to fulfill amid continuing supply constraints.
Shares of Apple jumped over 2% in overnight trading.
Coinbase Global reported a jump in its third-quarter profit on Thursday, as heightened volatility in digital assets boosted trading volumes at the cryptocurrency exchange, sending its shares up 4% in overnight trading.
Cloudflare reported Q3 adjusted earnings late Thursday of $0.27 per diluted share, up from $0.20 a year earlier. Analysts polled by FactSet expected $0.23.
Revenue in the three months ended Sept. 30 rose to $562 million from $430.1 million a year earlier. Shares up nearly 9% in overnight trading.
Twilio shares climbed after the company raised its guidance for the full year. The stock gained nearly 7% in overnight trading.
The company, which helps other businesses send out messages, now expects annual revenue to grow 12.4% to 12.6%, an increase from the 10% to 11% range it previously shared. It also raised its view for adjusted income from operations.
Strategy posted a profit in the third quarter, compared with a loss a year earlier, as improving sentiment around the cryptocurrency sector benefited the largest corporate holder of bitcoin, sending its shares up 6% in overnight trading.