24H｜LendingClub Soars 23%; Qorvo Surges 11%; Teladoc Jumps 6%; Starbucks Gains 5%; SoFi and Seagate Sink 6%
LendingClub stock jumped 22.7% in overnight trading after the online lender's Q2 EPS more than doubled the Wall Street estimate and its Q3 guidance indicates strong loan origination.
Qorvo shares surged 10.6% after the connectivity and power solutions provider reported fiscal first-quarter earnings that significantly exceeded analyst expectations, driven by broad-based demand and improved profitability.
Teladoc Health shares jumped 5.7% in overnight trading after the virtual care provider reported better-than-expected second quarter revenue and a narrower loss than analysts had anticipated, despite ongoing challenges in its BetterHelp segment.
Starbucks beat Wall Street estimates for third-quarter revenue on Tuesday, as steadying sales in China and investments in labor, store operations and menu innovation helped overcome pressures from slowing consumer spending in its domestic market. The company's shares rose 4.5% in overnight trading.
Bitcoin miner MARA Holdings shares gained 4.2% in overnight trading on better-than-expected Q2 earnings. MARA Holdings reported second-quarter revenue of $238.5 million, beating analyst estimates of $218.45 million, according to Benzinga Pro. The Bitcoin mining company reported second-quarter earnings of $1.84 per share, beating analyst estimates of 69 cents per share.
Visa beat Wall Street estimates for third-quarter profit and revenue on Tuesday, as the global payments processing company was helped by strong card spending volumes despite softness in the broader economy. However, the payments processing company kept its full-year forecast for net revenue growth unchanged, sending shares of the company down 2.3% in overnight trading.
SoFi Technologies dropped 6.2% in overnight trading after the provider of consumer financial services said it’s selling $1.5 billion of stock.
Seagate Technology forecast first-quarter revenue slightly below Wall Street expectations on Tuesday, hurt by weak demand for its storage devices amid ongoing uncertainty in the personal computer market, sending its shares down 6.3% in overnight trading.
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