R.J. Scaringe, Rivian’s CEO, introduces the world to his firm’s R1T all-electric pickup and all-electric R1S SUV on the Los Angeles Auto Present in Los Angeles, California, November 27, 2018.
Mike Blake | Reuters
Take a look at the businesses making headlines after the bell:
Rivian Automotive — The electrical automobile maker rose 3.1% in after-hours buying and selling after beating income estimates and posting a smaller-than-expected loss within the newest quarter. Rivian reaffirmed its supply estimates for the 12 months however stated it expects a bigger loss than anticipated because it grapples with provide chain constraints.
Toast — Toast soared greater than 10% in prolonged buying and selling after sharing constructive steerage for the present quarter and full 12 months. Income 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% post-market after the corporate missed top- and bottom-line estimates in the newest quarter and issued disappointing steerage for the complete 12 months because it faces a difficult macro surroundings.
Olo — Olo tumbled greater than 21% in prolonged buying and selling after the restaurant software program firm offered weak steerage for the present quarter and the complete 12 months. The corporate barely beat earnings estimates however fell wanting income expectations.