The companies make news after the bell.
Rivian automotive rose 3.1% in after-hours trading after beating revenue estimates and posting a smaller-than- expected loss. Rivian said it expects a bigger loss than anticipated as it grapples with supply chain constraints
After sharing positive guidance for the current quarter and full year, toast soared more than 10%. The revenue for the quarter came in at $675 million, beating the $651 million expected by analysts.
The company reported a wider-than- expected loss in its most recent quarter. The revenue outlook for the current quarter was weak.
The company missed top- and bottom-line estimates in the most recent quarter as it faces a troublesome macro environment.
The restaurant software company gave weak guidance for the current quarter and full year. The company missed revenue expectations.