Take a look at the businesses making headlines after the bell:
Rivian Automotive — The electrical car maker rose 3.1% in after-hours buying and selling after beating income estimates and posting a smaller-than-expected loss within the newest quarter. Rivian reaffirmed its supply estimates for the yr however stated it expects a bigger loss than anticipated because it grapples with provide chain constraints.
Toast — Toast soared more than 10% in prolonged buying and selling after sharing constructive steering for the present quarter and full yr. Income for the most recent quarter got here in at $675 million, topping the $651 million anticipated by analysts surveyed by Refinitiv.
Poshmark — Poshmark slid 5.7% post-market after reporting a wider-than-expected loss in its most up-to-date quarter. Poshmark topped income estimates however gave a weak income outlook for the present quarter.
Illumina — Illumina slumped practically 23% post-market after the corporate missed top- and bottom-line estimates in the latest quarter and issued disappointing steering for the complete yr because it faces a hard macro setting.
Olo — Olo tumbled more than 21% in prolonged buying and selling after the restaurant software program firm supplied weak steering for the present quarter and the complete yr. The corporate barely beat earnings estimates however fell wanting income expectations.