Check out the firms making headlines ahead of the bell:
Honest Company (HNST) – Honest Company’s inventory rose 1.6% within the premarket regardless of a wider-than-expected quarterly loss. The herbal client merchandise maker now sees a much wider full-year loss than prior to now idea, because of value pressures, however expects development because the 12 months is going on, together with certain adjusted income for the fourth quarter.
Rivian Automotive (RIVN) – Rivian stocks fell 1% in premarket buying and selling after the electrical automobile maker widened its loss estimate for 2022. It additionally affirmed prior manufacturing steering.
Illumina (ILMN) – Illumina tumbled 14.7% within the premarket after the gene-sequencing era corporate reported quarterly benefit and earnings that was once less than anticipated, and issued an outlook that was once neatly wanting analyst estimates. Illumina stated a difficult financial surroundings is offsetting enlargement in the usage of its gene-sequencing platform.
Toast (TOST) – Toast surged 12.9% in premarket motion after the eating place cost era corporate raised its full-year income outlook. Toast reported a quarterly loss, nevertheless it was once narrower than analysts had predicted, with Toast noting a file choice of new places the usage of its era.
Poshmark (POSH) – Poshmark fell 1.4% within the premarket after the web type store issued weaker earnings steering than anticipated for the present quarter. Poshmark reported a loss for its newest quarter on higher advertising and analysis and building bills, however gross sales had been larger than analysts had expected.
Wheels Up (UP) – The non-public jet corporate’s inventory added 2% in premarket motion after it reported better-than-expected quarterly earnings, even though its loss was once rather wider than expected. Wheels Up additionally noticed a 16% bounce in lively customers.
Olo (OLO) – Olo plunged 33% in premarket buying and selling after the eating place tool maker issued a weaker-than-expected present quarter and full-year earnings outlook.
LegalZoom (LZ) – LegalZoom added 2.1% within the premarket after the purveyor of on-line prison paperwork reported larger than anticipated quarterly income.
