Guardant Health shares surged 23.8% in overnight trading after the precision oncology company reported third-quarter results that significantly exceeded analyst expectations and raised its full-year guidance.
Canadian Solar shares gained another 5.7% in overnight trading. The shares surged 15.9% on Wednesday, marking its largest intraday gain since April, as positive earnings results from industry peers lifted sentiment across the Chinese solar sector. The rally comes as several Chinese solar companies reported better-than-expected financial results, sparking optimism for a potential turning point in the industry.
E-commerce firm MercadoLibre posted on Wednesday a net profit below analysts' expectations, impacted by currency effects and weaker demand in Argentina, while a free-shipping boost in Brazil hit margins but helped to drive a revenue beat. The shares fell 1.4% in overnight trading.
MGM Resorts International missed Wall Street expectations for third-quarter profit on Wednesday, hurt by weak sales at its Las Vegas properties, sending the casino operator's shares down 3.5% in overnight trading.
E-commerce firm eBay forecast profit for the crucial holiday quarter below Wall Street estimates amid ongoing macroeconomic uncertainty, sending its shares down 7.7% in overnight trading.
Ceveland-Cliffs is seeking to raise as much as $982.5 million in a share sale, as the steel and iron-ore pellet producer seeks to pay down debt, Bloomberg reported. The Cleveland-based company is offering 75 million shares for $12.85 to $13.10 each in a block trade, according to a term sheet seen by Bloomberg. The pricing represents a discount of as much as 8.8% to Wednesday’s closing price of $14.09 each.
Ceveland-Cliffs shares sank 10.2% in overnight trading.
Wolfspeed on Wednesday reported a lower first-quarter profit, highlighting the challenges facing the U.S. chipmaker as it recovers from bankruptcy and confronts subdued demand. Shares of company plunged 18.8% in overnight trading.
Natural and organic grocery chain Sprouts Farmers tumbled 20.9% in overnight trading after third-quarter same-store sales and revenue fell short of Wall Street projections, according to consensus estimates compiled by FactSet. Fourth-quarter earnings per share and same-store sales guidance also missed expectations.
Agrichemicals company FMC Corp on Wednesday forecast lower-than-expected adjusted profit for the year after reporting a third-quarter loss, sending its shares down 25% in overnight trading. Earlier this year, the company said it would divest its commercial business in India, in response to challenges in the country.