Stocks making the biggest moves after hours: Rivian, Toast, Poshmark and more
Check out the companies making headlines after the bell:
Rivian Automotive — The electric vehicle maker rose 3.1% in after-hours trading after beating revenue estimates and posting a smaller-than-expected loss in the latest quarter. Rivian reaffirmed its delivery estimates for the year but said it expects a larger loss than anticipated as it grapples with supply chain constraints.
Toast — Toast soared more than 10% in extended trading after sharing positive guidance for the current quarter and full year. Revenue for the latest quarter came in at $675 million, topping the $651 million expected by analysts surveyed by Refinitiv.
Poshmark — Poshmark slid 5.7% post-market after reporting a wider-than-expected loss in its most recent quarter. Poshmark topped revenue estimates but gave a weak revenue outlook for the current quarter.
Illumina — Illumina slumped nearly 23% post-market after the company missed top- and bottom-line estimates in the most recent quarter and issued disappointing guidance for the full year as it faces a troublesome macro environment.
Olo — Olo tumbled more than 21% in extended trading after the restaurant software company provided weak guidance for the current quarter and the full year. The company slightly beat earnings estimates but fell short of revenue expectations.
This post has been syndicated from a third-party source. View the original article here.