Money

Honest Company, Rivian, Illumina and others

Check out the businesses making headlines earlier than the bell:

Honest Company (HNST) – Honest Company’s stock rose 1.6% within the premarket regardless of a wider-than-expected quarterly loss. The pure shopper merchandise maker now sees a wider full-year loss than beforehand thought, on account of price pressures, however expects enchancment because the year 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 car maker widened its loss estimate for 2022. It additionally affirmed prior manufacturing steering.

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

Toast (TOST) – Toast surged 12.9% in premarket motion after the restaurant cost technology company raised its full-year earnings outlook. Toast reported a quarterly loss, however it was narrower than analysts had predicted, with Toast noting a file variety of new areas utilizing its technology.

Poshmark (POSH) – Poshmark fell 1.4% within the premarket after the net trend retailer issued weaker income steering 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 company’s stock 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 energetic customers.

Olo (OLO) – Olo plunged 33% in premarket buying and selling after the restaurant software 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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