24H | Workday Surges 11%; Estee Lauder Jumps 10%; Zoom Pops 8%; Take-Two, Ross Gain 6%; Peloton Rises 5%

Workday exceeded Wall Street expectations for first-quarter revenue and profit, as demand for its ​AI-powered finance and human resources software services gathered pace, sending ‌its shares up 10.8% in overnight trading.

U.S. cosmetics maker Estee Lauder and Spanish perfumery Puig ended merger talks that would have created a premium beauty giant better positioned ​to compete with industry leader L'Oreal. Estée shares rose over 10% in overnight trading ‌as investors cheered the end of a potential deal that analysts had warned could add integration risk, stretch the company's balance sheet and distract management from its months-long turnaround plan.

Zoom raised its annual revenue and profit forecasts, betting on strong demand for its AI features as ​the video conferencing platform looks ‌to shore up enterprise and consumer spending. Shares of the company were up 8.3% in overnight trading.

Take-Two Interactive Software reported quarterly net bookings that beat expectations and reaffirmed a November launch date for its highly anticipated video game Grand Theft Auto VI.  Shares of the video game publisher climbed 6.3% in ​overnight trading.

Value retailer Ross Stores raised its annual comparable sales and ​profit forecast, betting on resilient demand ‌for its discounted apparel and accessories despite looming macroeconomic uncertainty. Shares of the company rose 5.9% in ​overnight trading.

Peloton Interactive shares rose 4.6% in ​overnight trading following S&P Dow Jones Indices’ announcement that the company will join the S&P SmallCap 600 index.