Atlassian's shares surged over 29% after the company reported fourth-quarter earnings that exceeded FactSet consensus, although its revenue growth forecast of 13% fell slightly short of the 13.4% expected by analysts.
Wendy's shares dropped 2% as the company announced a more than 6% decline in global sales, primarily due to an 8.2% drop in the U.S., and withdrew its 2026 financial outlook despite beating earnings and revenue expectations. Solar stocks rose following President Trump's tariffs on solar panel imports, with First Solar up more than 5%, Invesco Solar nearly 3%, and SolarEdge Technologies gaining 2%.
Airbnb's shares increased nearly 7% after reporting second-quarter earnings of $1.37 per share on $3.61 billion in revenue, surpassing analyst forecasts. Twilio's stock jumped over 17% after it projected adjusted earnings of $1.42 to $1.47 per share and raised its full-year revenue growth estimate to 18% to 18.5%, exceeding the consensus of 14.8%.
Conversely, Trade Desk's shares plummeted 27% after reporting second-quarter earnings and revenue that fell short of expectations, with adjusted earnings of 34 cents missing the 40 cents consensus and revenue of $715 million below the anticipated $751 million.
Cloudflare's stock rose more than 16.5% after it provided strong guidance for the current quarter and full year, while Akamai Technologies saw an 8.3% increase after beating earnings and revenue estimates