Rivian, Beyond Meat, Disney and more

Rivian, Beyond Meat, Disney and more

Try the businesses making headlines earlier than the bell:

Tesla (TSLA) — Shares of Tesla bought a roughly 2% enhance after CEO Elon Musk offered about $5 billion value of shares this week, in response to monetary filings submitted Wednesday. He nonetheless holds more than 166 million shares.

Rivian (RIVN) — Electrical car maker Rivian’s shares rose more than 6% in early morning buying and selling after the corporate made its buying and selling debut on the Nasdaq Wednesday. The IPO pulled different EV shares up with Rivian. Nio and Fisker shares gained about 2%.

Beyond Meat (BYND) — The choice meat firm’s shares tumbled nearly 20% after reporting a wider-than-expected lack of 87 cents per share for the third quarter, in contrast with expectations of 39 cents per share loss. It additionally missed income estimates, bringing in $106.4 million versus the $109.2 million forecasted by Wall Avenue.

SoFi (SOFI) — Digital financial institution SoFi’s shares jumped 13% after reporting better-than-expected quarterly outcomes Wednesday night. SoFi reported a lack of 5 cents per share, in comparison with analysts’ estimates for a lack of 9 cents per share, in response to Refinitiv.

Affirm (AFRM) — Purchase-now-pay-later darling Affirm’s shares rallied 25% in early buying and selling after asserting an enlargement of its partnership with Amazon and reported a quarterly income beat, recording $269.4 million versus estimates of $248.2 million. Affirm additionally reported a quarterly loss, in response to Refinitiv.

Marqeta (MQ) — Shares of Marqeta, the card-issuing platform behind purchase now pay later manufacturers like Affirm and Klarna, jumped 11% after reporting robust quarterly outcomes and a 60% improve in processing quantity from the earlier 12 months.

The Trustworthy Firm (HNST) — Shares of the cosmetics firm elevated about 8% after asserting quarterly earnings that got here had been according to expectations and income that topped Wall Avenue’s forecasts, in response to Refinitiv.

Walt Disney (DIS) — Disney shares fell practically 5% in early morning buying and selling Thursday after lacking high and bottom-line estimates for its third-quarter outcomes. The media large reported a revenue of 37 cents per share on income of $18.53 billion, in contrast with analyst estimates of 51 cents per share on income of $18.79 billion, in response to Refinitiv. Subscriptions for Disney+ additionally really feel wanting estimates.

Bumble (BMBL) — Shares of the relationship app fell practically 9% after reporting a lack of 6 cents per share, 6 cents beneath analyst estimates, in response to Refinitiv. Income, nevertheless, got here in higher than anticipated.

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