24H | Brighthouse Surges 19%; Illumina Jumps 7%; Lumen Gains 6%; Riot Rises 5%; Roku Sinks 5%

Aquarian Holdings is in advanced talks to take private U.S. life insurer Brighthouse Financial in a $4 billion deal that could be announced as soon as this weekend, Financial Times reported on Thursday, citing sources familiar with the matter. Brighthouse Financial shares jumped 19.4% in overnight trading.

Illumina shares rose 6.9% in overnight trading after the company beat third quarter revenue and profit expectations, while also raising its full year adjust profit target, driven by strong performance in its clinical segment.

Lumen Technologies edged past third-quarter revenue estimate and posted a smaller-than-expected loss on Thursday, driven by demand for its network infrastructure to support massive data flows and computational workloads amid an AI boom. The shares gained 6.4% in overnight trading.

Atlassian forecast second-quarter revenue above estimates on Thursday, betting on strong demand for its enterprise software services as businesses upgrade to integrate artificial intelligence, sending its shares up 5.5% in overnight trading.

Riot Platforms, a Bitcoin-driven data center developer, reported third quarter earnings that significantly exceeded analyst expectations, driving shares up 5.2% in overnight trading.

First Solar, the biggest U.S.-based solar panel maker, beat expectations for third-quarter sales on Thursday, driven by robust demand for its products, sending its shares up 3.6% in overnight trading.

Gilead Sciences reported better-than-expected third quarter earnings, but shares fell 2.9% in overnight trading after the company’s revenue guidance disappointed investors despite raising its full-year earnings outlook.

Roku on Thursday forecast that its revenue growth will slow further in the fourth quarter, overshadowing its first operating profit since 2021 and sending shares down 4.7% in overnight trading.

Monolithic Power Systems forecast fourth-quarter revenue above estimates on Thursday, expecting strong demand for its power control products and semiconductors as the artificial intelligence boom drives data center expansion. While the shares sank 6% in overnight trading.