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Stocks making the very best strikes after hours: Rivian, Toast, Poshmark and more

Bibliometric Details: Issue No: 8 | Issue Month:August | Issue Year:2022

R.J. Scaringe, Rivian’s CEO, introduces the arena to his company’s R1T all-electric pickup and all-electric R1S SUV at the Los Angeles Auto Repeat in Los Angeles, California, November 27, 2018.

Mike Blake | Reuters

Test out the corporations making headlines after the bell

Rivian Car — The electric automobile maker rose 3.1% in after-hours trading after beating revenue estimates and posting a smaller-than-expected loss in the most modern quarter. Rivian reaffirmed its provide estimates for the year but acknowledged it expects a better loss than anticipated as it grapples with provide chain constraints.

Toast — Toast soared more than 10% in prolonged trading after sharing particular steering for the unique quarter and entire year. Earnings for the most modern quarter came in at $675 million, topping the $651 million expected by analysts surveyed by Refinitiv.

Poshmark — Poshmark slid 5.7% post-market after reporting a wider-than-expected loss in its most contemporary quarter. Poshmark topped revenue estimates but gave a weak revenue outlook for the unique quarter.

Illumina — Illumina slumped virtually 23% post-market after the corporate overlooked high- and backside-line estimates in the most modern quarter and issued disappointing steering for the paunchy year as it faces a tricky macro ambiance.

Olo — Olo tumbled more than 21% in prolonged trading after the restaurant system company offered weak steering for the unique quarter and the paunchy year. The company a itsy-bitsy bit of beat earnings estimates but fell attempting revenue expectations.

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