Sunday, December 8, 2024
HomeBusiness and FinanceRIVN, ABNB, TWLO, BROS & more

RIVN, ABNB, TWLO, BROS & more

[ad_1]

Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 09, 2022 in South San Francisco, California.

Justin Sullivan | Getty Images

Check out the companies making headlines in premarket trading.

Rivian Automotive — The electric vehicle maker saw its stock jump more than 6% after the company reported a first-quarter loss that was narrower than expected. Rivian also said it’s still on track to meet a 50,000-vehicle production target for 2023.

related investing news

Cramer predicts Wynn Resorts will report solid quarter, driven by Chinese demand

CNBC Investing Club

Airbnb — Shares dropped 13.3% after the vacation booking platform gave a weak outlook for the second quarter and said the company could have a tough time meeting year-over-year comparables. Airbnb still beat expectations on both lines for quarterly earnings.

Twilio — Shares of the software company slid 16% in premarket trading after Twilio’s revenue forecast came in weaker than expected. The company said it was expecting between $980 million and $990 million in revenue for the second quarter. Analysts surveyed by Refinitiv were expecting $1.05 billion in revenue.

Dutch Bros — Shares tumbled 7.6% after the company reported same-store sales and revenue for the first quarter that came in under expectations. The company did break even for the quarter, while analysts polled by StreetAccount expected a loss of 3 cents per share. JPMorgan downgraded the stock to neutral from overweight as a result of the report.

Celsius Holdings — The drinks company jumped 11.1% following a strong earnings report. Celsius posted 40 cents in earnings per share for the first quarter, more than doubling the 19-cent consensus estimate of analysts polled by StreetAccount. Revenue also came in well ahead of analyst expectations. Bank of America upgraded shares to buy from neutral as a result.

Virgin Galactic — The space tourism company saw its shares fall more than 4.5% after reporting a widened quarterly loss from the same period a year ago. Virgin, which aims to fly its first spaceflight in nearly two years later this month, cited “increases in research and development expenses,” in a press release.

GoodRx — The digital healthcare platform lost 8.3% after giving weaker-than-expectation guidance for current-quarter and full-year revenue. However, GoodRx beat expectations for revenue in the first quarter.

Alcon — The eye care stock popped 5.1% after beating expectations on the top and bottom lines in the first quarter. Alcon reaffirmed its full-year revenue guidance and said core diluted earnings per share for the year should come in a range that encompasses the consensus estimate of analysts polled by StreetAccount.

Rockwell Automation — Shares slid 2.8% following a Wall Street Journal report that said the Biden administration is investigating whether the industrial technology company exposed U.S. military, infrastructure and government assets in a cyberattack through one of its facilities in China. CNBC has reached out to Rockwell Automation for comment.

Halozyme Therapeutics — Shares of the biopharma stock rose 1.9% after the company reaffirmed full-year earnings guidance. That helped investors overlook a miss on revenue in the first quarter. Piper Sandler upgraded the stock to overweight from neutral following the report.

Roblox — Shares added 2% in the premarket ahead of the video game maker’s earning report, expected before the bell. Wall Street analysts are anticipating earning-per-share of 40 cents and revenue of $766 million, according to Refinitiv.

Occidental Petroleum — Shares declined 1.5% after the company’s quarterly earnings missed Wall Street’s expectations. The company also reported a year-over-year decline in earnings as oil prices fell.

Akamai Technologies — Shares of the cloud company rose nearly 5% in premarket trading on better-than-expected earnings and revenue for the first quarter. Akamai also raised its full-year profit guidance.

Affirm — Shares of the buy now, pay later company dipped 5.7% in premarket trading even after Affirm reported better-than-expected quarterly results a day earlier, with an adjusted loss per share of 69 cents. Analysts polled by Refinitiv were expecting a loss of 92 cents per share.

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

[ad_2]

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -
Google search engine

Most Popular

Recent Comments