ServiceNow reports Q3 subscription revenue up 21% YoY to $3.99B, forecasts Q4 current remaining performance obligations below est.; NOW drops 15%+ after hours (Brody Ford/Bloomberg)

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• US Fed rate pause, slower FPI selling lift sensex by 905 pts

  Investor sentiment across Indian equity markets rebounded firmly as the US Federal Reserve held borrowing costs steady, encouraging a return of risk appetite. Domestic institutional inflows offset renewed foreign fund outflows, shielding the broader market from headwinds like elevated crude prices and currency depreciation. This dynamic allowed major domestic indices to post substantial single-day advances across the board.

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• Sandisk reports Q1 revenue up 378% YoY to $11B, vs. $10.7B est., forecasts Q2 revenue above est., announces an 8-for-1 stock split; SNDK drops 4%+ after hours (MarketWatch)

  The unexpected post-earnings decline follows an extraordinary surge where shares gained over 2,600% since parting ways with Western Digital. Investors reacted with an evening sell-off despite upbeat operational metrics and future corporate adjustments. The equity currently ranks among the highest-priced individual stocks in the entire S&P 500 index.

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• Pinterest reports Q3 revenue up 12% YoY to $1.17B, vs. $1.21B est., global MAUs up 10% to 661M, and forecasts Q4 revenue below est.; PINS drops 8%+ after hours (Liz Moyer/Barron's Online)

  The visual search platform disappointed investors after softer-than-expected quarterly sales were compounded by an uninspiring outlook for the upcoming period. Even as audience expansion demonstrated solid momentum, the revenue shortfall triggered immediate market pressure on the company's valuation. Investors are reacting negatively to signs of slowing monetization amid expectations that upcoming performance will continue to lag Wall Street targets.

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