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RIVN, ABNB, TWLO, BROS and more




Rivian electric pickup trucks stand in a parking lot at a Rivian service center on May 9, 2022 in South San Francisco, California.

Justin Sullivan | Getty Images

Check out the companies making headlines in premarket trading.

Rivian Automotive — The electric car maker saw its stock jump more than 6% after the company reported a smaller-than-expected first-quarter loss. Rivian also said it remains on track to reach a production target of 50,000 vehicles by 2023.

Airbnb — Shares fell 13.3% after the vacation booking platform gave a weak outlook for the second quarter and said the company may have a tough time meeting year-over-year comparisons. Airbnb still beat expectations on both lines of quarterly results.

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

Dutch Bros — Shares fell 7.6% after the company reported same-store sales and revenue for the first quarter that came in below expectations. The company broke 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 beverage company jumped 11.1% after 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. Revenues also far exceeded analysts’ 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 an extended quarterly loss from the same period a year ago. Virgin, which aims to fly its first space flight in nearly two years later this month, cited “increases in research and development costs” in a press release.

GoodRx — The digital health platform lost 8.3% after providing weaker-than-expected guidance for current quarter and full-year revenue. However, GoodRx beat expectations for its first-quarter revenue.

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

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

Halozyme Therapeutics — Shares in the biopharma stock rose 1.9% after the company confirmed its full-year results. That helped investors overlook a loss in first-quarter earnings. Piper Sandler upgraded the stock to overweight from neutral following the report.

Roblox — Roblox stock fell 8.1% after the company reported a higher-than-Wall Street-expected loss per share. Roblox posted a loss of 44 cents per share in the first quarter. Meanwhile, analysts had estimated losses of 40 cents a share, according to Refinitiv data. The company’s average bookings per daily active user remained flat year over year despite reporting a 23% increase in engaged hours over the same period.

Occidental Petroleum — Shares fell 1.5% after the company’s quarterly results missed Wall Street 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 first-quarter earnings and revenue. Akamai has also raised its earnings guidance for the full year.

Affirm — Shares of the buy now, pay later company fell 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 expected a loss 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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