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Elastic (ESTC) shares soared 17% amid heavy trading Friday after the company reported overnight higher fiscal Q1 non-GAAP earnings and revenue.

Intraday trading volume jumped to over 6.17 million from a daily average of about 2.17 million.

Quoin Pharmaceuticals (QNRX) has entered into a securities purchase agreement with new and existing healthcare-focused institutional investors to raise up to about $50.0 million in gross proceeds, it said Friday.

Shares surged 27% as intraday trading volume catapulted to over 28.4 million from a daily average of roughly 238,000.

Gap (GAP) shares jumped 13% amid heavy trading after the company raised its fiscal 2026 adjusted earnings guidance.

More than 16.7 million shares of the company traded intraday compared with a daily average of about 7.74 million.

Price: $98.06, Change: $+14.32, Percent Change: +17.10%

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(Updates with job cuts in the penultimate paragraph.)PagerDuty (PD) reported Thursday Q2 adjusted earnings of $0.32 per diluted share, up from $0.30 a year earlier.Analysts polled by FactSet expected $0.31.Revenue for the quarter ended July 31 rose to $124.4 million from $123.4 million a year earlier.Analysts projected $123.3 million.The company expects Q3 adjusted EPS of $0.34 to $0.36 on revenue of $123 million to $125 million. Analysts project EPS of $0.34 on revenue of $124.4 million.PagerDuty expects 2027 adjusted EPS of $1.33 to $1.37 on revenue of $491.5 million to $496.5 million. Analysts project EPS of $1.32 on revenue of $494.2 million.In a regulatory filing, the company said it plans to cut 15% of its workforce as part of a restructuring and record non-recurring charges of $5.5 million to $7.5 million related to the move.PagerDuty shares fell 2.4% in after-hours trading.

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Affirm Fiscal Q4 Earnings, Revenue Rise; Shares Gain After-Hours

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Elastic Q1 Adjusted Earnings, Revenue Rise; Shares Surge After Hours

Elastic (ESTC) reported fiscal Q1 non-GAAP earnings late Thursday of $0.70 per diluted share, up from $0.60 a year earlier.Analysts polled by FactSet expected $0.58.Revenue in the three months ended July 31 rose to $478.1 million from $415.3 million a year earlier.Analysts projected $469.7 million.The company expects fiscal Q2 non-GAAP EPS of $0.80 to $0.82 on revenue of $486 million to $487 million.Analysts project EPS of $0.79 on revenue of $483.5 million.Elastic boosted fiscal 2027 guidance to non-GAAP EPS of $3.29 to $3.37 on revenue of $1.998 billion to $2.01 billion, up from the prior forecast of EPS of $3.21 to $3.29 on revenue of $1.985 billion to $2 billion.Analysts expect EPS of $3.24 on revenue of $1.996 billion.Elastic shares jumped 22% in after-hours trading.

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