Home Stock Market RIVN, ABNB, TWLO, BROS & extra

RIVN, ABNB, TWLO, BROS & extra

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RIVN, ABNB, TWLO, BROS & extra

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Rivian electrical pickup vans sit in a car parking zone at a Rivian service heart on Might 09, 2022 in South San Francisco, California.

Justin Sullivan | Getty Photographs

Try the businesses making headlines in premarket buying and selling.

Rivian Automotive — The electrical automobile maker noticed its inventory bounce greater than 6% after the corporate reported a first-quarter loss that was narrower than anticipated. Rivian additionally mentioned it is nonetheless on observe to satisfy a 50,000-vehicle manufacturing goal for 2023.

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Airbnb — Shares dropped 13.3% after the holiday reserving platform gave a weak outlook for the second quarter and mentioned the corporate might have a tricky time assembly year-over-year comparables. Airbnb nonetheless beat expectations on each traces for quarterly earnings.

Twilio — Shares of the software program firm slid 16% in premarket buying and selling after Twilio’s income forecast got here in weaker than anticipated. The corporate mentioned it was anticipating between $980 million and $990 million in income for the second quarter. Analysts surveyed by Refinitiv had been anticipating $1.05 billion in income.

Dutch Bros — Shares tumbled 7.6% after the corporate reported same-store gross sales and income for the primary quarter that got here in beneath expectations. The corporate did break even for the quarter, whereas analysts polled by StreetAccount anticipated a lack of 3 cents per share. JPMorgan downgraded the inventory to impartial from obese on account of the report.

Celsius Holdings — The drinks firm jumped 11.1% following a powerful earnings report. Celsius posted 40 cents in earnings per share for the primary quarter, greater than doubling the 19-cent consensus estimate of analysts polled by StreetAccount. Income additionally got here in nicely forward of analyst expectations. Financial institution of America upgraded shares to purchase from impartial in consequence.

Virgin Galactic — The area tourism firm noticed its shares fall greater than 4.5% after reporting a widened quarterly loss from the identical interval a 12 months in the past. Virgin, which goals to fly its first spaceflight in practically two years later this month, cited “will increase in analysis and growth bills,” in a press launch.

GoodRx — The digital healthcare platform misplaced 8.3% after giving weaker-than-expectation steerage for current-quarter and full-year income. Nonetheless, GoodRx beat expectations for income within the first quarter.

Alcon — The attention care inventory popped 5.1% after beating expectations on the highest and backside traces within the first quarter. Alcon reaffirmed its full-year income steerage and mentioned core diluted earnings per share for the 12 months ought to are available a variety that encompasses the consensus estimate of analysts polled by StreetAccount.

Rockwell Automation — Shares slid 2.8% following a Wall Road Journal report that mentioned the Biden administration is investigating whether or not the economic know-how firm uncovered U.S. navy, infrastructure and authorities belongings by means of considered one of its amenities in China. The corporate mentioned there was no report or indication that practices or protocols have been breached or any merchandise have been deliberately compromised, and it has not been notified of an investigation.

Halozyme Therapeutics — Shares of the biopharma inventory rose 1.9% after the corporate reaffirmed full-year earnings steerage. That helped traders overlook a miss on income within the first quarter. Piper Sandler upgraded the inventory to obese from impartial following the report.

Roblox — Roblox shares fell 8.1% after the corporate reported larger losses per share than Wall Road had anticipated. Roblox posted losses of 44 cents per share within the first quarter. In the meantime, analysts had estimated losses of 40 cents per share, based on Refinitiv knowledge. The corporate’s common bookings per each day energetic person remained flat year-over-year regardless of reporting a 23% improve in hours engaged over the identical interval.

Occidental Petroleum — Shares declined 1.5% after the corporate’s quarterly earnings missed Wall Road’s expectations. The corporate additionally reported a year-over-year decline in earnings as oil costs fell.

Akamai Applied sciences — Shares of the cloud firm rose practically 5% in premarket buying and selling on better-than-expected earnings and income for the primary quarter. Akamai additionally raised its full-year revenue steerage.

Affirm — Shares of the purchase now, pay later firm dipped 5.7% in premarket buying and selling even after Affirm reported better-than-expected quarterly outcomes a day earlier, with an adjusted loss per share of 69 cents. Analysts polled by Refinitiv had been anticipating a lack of 92 cents per share.

— CNBC’s Jesse Pound, Yun Li, Tanaya Macheel, Brian Evans, Hakyung Kim and Michelle Fox contributed reporting

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