AppLovin shares soared as high as 15% in overnight trading after the company reported earnings and revenue that beat expectations and announced the sale of its mobile gaming business.

Carvana’s first-quarter results easily topped Wall Street’s expectations as the company reported record sales driven by higher-than-expected industry demand amid fears of price increases due to automotive tariffs. The shares gained 2.2% in overnight trading.

The residential solar company Sunrun reported better-than-expected first quarter results on Wednesday, sending shares up 11.6% in overnight trading.

Latin American e-commerce giant MercadoLibre posted on Wednesday a 44% net profit increase in the first quarter from a year earlier, above analysts' estimates as operations in Argentina bounced back. The shares jumped 8.3% in overnight trading.

Arm Holdings forecast first-quarter sales and profit below Wall Street estimates on Wednesday, as global trade tensions threaten revenue from its chip architecture used across the smartphone and data center industries. Arm shares fell more than 11% in overnight trading after the forecast.

Shares in Fortinet dropped nearly 13% in overnight trading after the cybersecurity company fell short of expectations with its forward guidance and reported a miss on revenue in its fiscal 2025 first quarter.