Honest Company, Rivian, Illumina and others

Honest Company, Rivian, Illumina and others

Try the businesses making headlines earlier than the bell:

Honest Firm (HNST) – Honest Firm’s inventory rose 1.6% within the premarket despite a wider-than-expected quarterly loss. The pure shopper merchandise maker now sees a wider full-year loss than beforehand thought, as a result of value pressures, however expects enchancment because the 12 months goes on, together with optimistic adjusted earnings for the fourth quarter.

Rivian Automotive (RIVN) – Rivian shares fell 1% in premarket buying and selling after the electrical automobile maker widened its loss estimate for 2022. It additionally affirmed prior manufacturing steerage.

Illumina (ILMN) – Illumina tumbled 14.7% within the premarket after the gene-sequencing know-how firm reported quarterly revenue and income that was decrease than anticipated, and issued an outlook that was effectively wanting analyst estimates. Illumina stated a difficult financial setting is offsetting development in the usage of its gene-sequencing platform.

Toast (TOST) – Toast surged 12.9% in premarket motion after the restaurant fee know-how firm raised its full-year earnings outlook. Toast reported a quarterly loss, but it surely was narrower than analysts had predicted, with Toast noting a file variety of new places utilizing its know-how.

Poshmark (POSH) – Poshmark fell 1.4% within the premarket after the net vogue retailer issued weaker income steerage than anticipated for the present quarter. Poshmark reported a loss for its newest quarter on elevated advertising and marketing and analysis and improvement bills, however gross sales have been higher than analysts had anticipated.

Wheels Up (UP) – The non-public jet firm’s inventory added 2% in premarket motion after it reported better-than-expected quarterly income, though its loss was barely wider than anticipated. Wheels Up additionally noticed a 16% bounce in lively customers.

Olo (OLO) – Olo plunged 33% in premarket buying and selling after the restaurant software program maker issued a weaker-than-expected present quarter and full-year income outlook.

LegalZoom (LZ) – LegalZoom added 2.1% within the premarket after the purveyor of on-line authorized types reported higher than anticipated quarterly earnings.

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