R.J. Scaringe, Rivian’s CEO, introduces the sector to his corporate’s R1T all-electric pickup and all-electric R1S SUV on the Los Angeles Auto Show in Los Angeles, California, November 27, 2018.
Mike Blake | Reuters
Check out the corporations 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 most recent quarter. Rivian reaffirmed its supply estimates for the yr however stated it expects a bigger loss than expected because it grapples with provide chain constraints.
Toast — Toast soared greater than 10% in prolonged buying and selling after sharing certain steerage for the present quarter and entire yr. Revenue for the most recent quarter got here in at $675 million, topping the $651 million anticipated by means of analysts surveyed by means of Refinitiv.
Poshmark — Poshmark slid 5.7% post-market after reporting a wider-than-expected loss in its most up-to-date quarter. Poshmark crowned income estimates however gave a vulnerable income outlook for the present quarter.
Illumina — Illumina slumped just about 23% postmarket after the corporate neglected top- and bottom-line estimates in the newest quarter and issued disappointing steerage for the entire yr because it faces a hard macro setting.
Olo —Olo tumbled greater than 21% in prolonged buying and selling after the eating place tool corporate supplied vulnerable steerage for the present quarter and the entire yr. The corporate relatively beat profits estimates however fell in need of income expectancies.
