Call center software provider Five9 (NASDAQ: FIVN) announced better-than-expected revenue in Q2 CY2025, with sales up 12.4% year on year to $283.3 million. The company expects next quarter’s revenue to be around $284.5 million, close to analysts’ estimates. Its non-GAAP profit of $0.76 per share was 17% above analysts’ consensus estimates.
Cloud computing and online retail behemoth Amazon (NASDAQ:AMZN) reported Q2 CY2025 results exceeding the market’s revenue expectations, with sales up 13.3% year on year to $167.7 billion. Guidance for next quarter’s revenue was optimistic at $176.8 billion at the midpoint, 2.1% above analysts’ estimates. Its GAAP profit of $1.68 per share was 26% above analysts’ consensus estimates.
Blockchain infrastructure company Coinbase (NASDAQ:COIN) missed Wall Street’s revenue expectations in Q2 CY2025 as sales rose 3.3% year on year to $1.5 billion. Its non-GAAP profit of $0.12 per share was 91.9% below analysts’ consensus estimates.
Semiconductor manufacturing equipment maker KLA Corporation (NASDAQ:KLAC) reported revenue ahead of Wall Street’s expectations in Q2 CY2025, with sales up 23.6% year on year to $3.17 billion. Guidance for next quarter’s revenue was optimistic at $3.15 billion at the midpoint, 2.8% above analysts’ estimates. Its non-GAAP profit of $9.38 per share was 9.7% above analysts’ consensus estimates.
Temporary space provider WillScot (NASDAQ:WSC) met Wall Street’s revenue expectations in Q2 CY2025, but sales fell by 2.6% year on year to $589.1 million. On the other hand, the company’s full-year revenue guidance of $2.33 billion at the midpoint came in 1.6% below analysts’ estimates. Its non-GAAP profit of $0.27 per share was 23.4% below analysts’ consensus estimates.
Shares of social network Snapchat (NYSE: SNAP)
jumped 3.1% in the afternoon session after a broad rally in the technology sector, sparked by blockbuster earnings from giants Meta and Microsoft. The technology sector rallied after market giants Meta and Microsoft reported blowout quarterly results, signaling that their massive investments in artificial intelligence paid off. Both companies far exceeded Wall Street's expectations, with Meta's revenue jumping thanks to AI-fueled growth in its advertising business. The powerful results from these two behemoths created a wave of positive sentiment that lifted other internet and technology stocks, as investors anticipated continued growth and innovation in the AI space.
Shares of online community and discussion platform Reddit (NYSE:RDDT) jumped 6.7% in the afternoon session after investors reacted to a broader technology sector rally, which was fueled by strong earnings from artificial intelligence (AI) leaders Meta and Microsoft. The broader technology sector received a boost after industry giants Meta and Microsoft announced impressive quarterly results. Their success signaled surging demand for artificial intelligence capabilities, creating a positive wave across the market. This optimism lifted Reddit's shares as investors looked ahead to the company's own second-quarter financial results, scheduled for release after the market closed. Analysts anticipated Reddit would report significant year-over-year revenue growth of around 50%, setting high expectations for the social media firm's performance.
Shares of social commerce platform Pinterest (NYSE: PINS)
jumped 4.1% in the morning session after a broad rally in the technology sector, sparked by stellar earnings reports from industry giants Meta and Microsoft.
Shares of telehealth company Hims & Hers Health are up Thursday afternoon. The rally comes amid significant headwinds for major pharmaceutical companies in the lucrative weight-loss drug market.
