A slew of companies released their latest quarterly reports after the market close. Asking for a Trend anchor Josh Lipton takes a closer look at what's moving in after-hours trading.

One of the biggest movers is Instacart, which trades as Maplebear (CART). Its shares jumped on both better-than-expected second quarter results and Q3 adjusted EBITDA forecast.

Reddit (RDDT) reported second quarter revenue that beat Street estimates. Its third quarter revenue guidance also topped analyst expectations.

Lumen Technologies (LUMN) shares continued their rise. Shares jumped on Tuesday after announcing it secured $5 billion in new business. That run continued in after-hours trading after the company reported a wider-than-expected loss in Q2, but also that it raised its annual free cash flow outlook.

For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend.

This post was written by Stephanie Mikulich.