Market Insider

R.J. Scaringe, Rivian’s CEO, introduces the world to his company’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 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.

Articles You May Like

3 More Stocks Billionaires Are Buying Now
Recursion gets FDA approval to begin phase 1 trials of AI-discovered cancer treatment
China stocks just had their best day in 16 years, sending related U.S. ETFs soaring
The U.S. wants to triple nuclear power by 2050. America’s coal communities could provide a pathway
Understanding Self-Driving Cars and How to Profit From Them