R.J. Scaringe, Rivian’s CEO, introduces the world to his firm’s R1T all-electric pickup and all-electric R1S SUV at the Los Angeles Auto Show in Los Angeles, California, November 27, 2018.
Mike Blake | Reuters
Check out the firms making headlines after the bell:
Rivian Automotive — The electric vehicle maker rose 3.1% in after-hours buying and selling after beating income estimates and posting a smaller-than-expected loss in the newest quarter. Rivian reaffirmed its supply estimates for the yr however stated it expects a bigger loss than anticipated because it grapples with provide chain constraints.
Toast — Toast soared more than 10% in prolonged buying and selling after sharing constructive steerage for the present quarter and full yr. Revenue for the newest quarter got here in at $675 million, topping the $651 million anticipated by analysts surveyed by Refinitiv.
Poshmark — Poshmark slid 5.7% post-market after reporting a wider-than-expected loss in its most up-to-date quarter. Poshmark topped income estimates however gave a weak income outlook for the present quarter.
Illumina — Illumina slumped almost 23% postmarket after the firm missed top- and bottom-line estimates in the most up-to-date quarter and issued disappointing steerage for the full yr because it faces a difficult macro setting.
Olo —Olo tumbled more than 21% in prolonged buying and selling after the restaurant software program firm offered weak steerage for the present quarter and the full yr. The firm barely beat earnings estimates however fell in need of income expectations.