Wolfspeed, formerly known as Cree, saw shares rise after it reported a narrower loss and said that 2002 fiscal first-quarter revenue rose 36% to $156.6 million from the same period a year earlier.
The company posted a non-GAAP loss from continuing operations of $23.8 million, or 21 cents a share vs. a loss of $26.5 million, or 24 cents a share in the same period a year ago.
Shares of Wolfspeed rose $13.92, or 15%, to $104.79 in after-hours trading.
Twilio shares fell after the company posted a smaller profit for its latest quarter, forecasted a loss in the fourth quarter and said its chief operating officer is leaving.
The company reported non-GAAP net income per share attributable to common stockholders of one penny vs. 4 cents in the year ago period. Revenue rose 65% to $740.2 million including contributions from two recent acquisitions.
Twilio forecast a fourth quarter non-GAAP loss per share of 23 cents to 26 cents.
It also said its chief operating officer, George Hu, has resigned.
Shares of Twilio fell $43.66, or 13%, to $302.00 in after-hours trading.
In the broader markets, stocks ended generally lower Wednesday after a late session selloff.
The Dow fell 0.7% to 35,491, while the S&P 500 ended off 0.5% at 4,552.
The Nasdaq Composite index eked out a tiny gain, ending the day up 0.12 points at 15,235.84.