Voya Financial (VOYA) Q3 Earnings and Revenues Top Estimates

Technology stocks were advancing on Friday, with the Technology Select Sector SPDR Fund (XLK) rising 1.7% while the Philadelphia Semiconductor Index was gaining 0.8% in afternoon trading.

In company news, C3.ai (AI) shares raced to a 30% advance after the enterprise artificial-intelligence software firm reported fiscal Q3 results beating analyst estimates and also forecast Q4 revenue above Wall Street expectations.

Samsara (IOT) shares rose more than 12% after more than halving its adjusted net loss for its Q4 ended Jan. 28 as total revenue grew to $186.6 million from $125.8 million in the year-ago period, topping Wall Street expectations on both its top and bottom lines. The connected-cloud software firm also forecast a smaller net loss and revenue for its fiscal 2024 exceeding analyst estimates.

Elastic (ESTC) stock added 7.3% after the search technology company reported a non-GAAP Q3 profit of $0.17 per share, reversing a year-ago net loss and blowing past the analyst consensus looking for non-GAAP net income of $0.05 per share for the three months ended Jan. 31. It also saw revenue increase year-over-year and raised its forecast for fiscal 2023 earnings above Wall Street views.

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