According to CNBC, Snowflake shares surged 24% after second-quarter results topped analyst expectations, with adjusted earnings of 62 cents per share on revenue of $1.55 billion, above the 45 cents and $1.48 billion expected by analysts surveyed by LSEG; the company also raised its full-year product revenue guidance. The rally lifted software peers, with Datadog up more than 5%, ServiceNow up 3% and Salesforce up just over 1.5%. Hewlett Packard Enterprise slipped 3% after guiding for fiscal-year earnings growth of 16% to 20% for the year ending October 2027, against the FactSet consensus of 18.7%, with cash flow seen at least $5 billion versus the Street's $4.79 billion forecast. Broadcom lost 2.5% as investors reacted negatively to a fourth-quarter revenue forecast of $34.8 billion, below the $35.03 billion estimate, and a projected non-GAAP operating margin of 66%, under the 66.5% estimate; third-quarter revenue was $29.59 billion with adjusted earnings of $3.32 per share. Campbell's Company fell almost 7% after issuing fiscal 2027 earnings guidance of $1.65 to $1.80 per share, below the FactSet consensus of $1.83, and forecasting a wider-than-expected contraction in revenue growth. Ultragenyx Pharmaceutical plunged more than 46% after Phase 3 trial results for its Angelman syndrome drug missed the primary endpoint; the company said it will evaluate the program and implement significant cost reductions. Petco jumped almost 9% as second-quarter adjusted EBITDA margin reached 8.2%, above the 7.4% StreetAccount consensus. Moderna fell more than 2% after Rothschild & Co Redburn downgraded it to sell, with analysts saying the stock is now overvalued following a surge tied to its experimental melanoma cancer vaccine. Argan popped nearly 7.5% after posting second-quarter earnings of $3.76 per share on revenue of $384 million, above the $2.64 and $300.5 million analysts expected. Five Below rose 4.5% after earning $1.68 per share on revenue of $1.26 billion, topping the $1.40 and $1.22 billion consensus, with same-store sales also beating estimates. Victoria's Secret sank more than 18% after slightly missing second-quarter revenue estimates and guiding current-quarter operating income below expectations, though full-year revenue guidance was in line and adjusted earnings beat. Netskope popped 12% after guiding full-year revenue to $888 million to $892 million, above the $881 million LSEG consensus, and projecting a narrower adjusted loss of 15 cents per share. NetApp shed 8% after first-quarter deferred revenue of $4.85 billion fell slightly short of the $4.86 billion StreetAccount consensus.