Try the businesses making headlines in prolonged buying and selling: Rivian — The electrical car maker added almost 2% regardless of lacking on each prime and backside traces within the third quarter. Rivian posted an adjusted lack of 99 cents per share on $874 million in income. Analysts polled by LSEG had forecast a lack of 92 cents per share on income of $990 million. Pinterest — Shares tumbled 11% after the social media firm posted weak steering for its fourth-quarter income. Pinterest guided income to fall between $1.125 million and $1.145 million. The midpoint of the fourth-quarter steering, $1.135 million, got here under analysts’ estimates of $1.143 million, per LSEG. The corporate posted beats on the highest and backside traces within the third quarter. Block — Shares dipped 2% after the fintech agency reported a third-quarter income miss . Block posted gross sales of $5.98 billion, whereas analysts polled by LSEG had anticipated $6.24 billion. Alternatively, Block’s adjusted earnings of 88 cents per share beat analysts’ estimates by one cent. Airbnb — Shares of the net homestays firm slipped almost 3%. Airbnb posted third-quarter earnings of $2.13 per share, 1 cent shy of the consensus forecast, per LSEG. Quarterly income of $3.73 billion was barely above analysts’ estimates for $3.72 billion. Akamai Applied sciences — Shares slid 6% because the cloud computing firm issued disappointing full-year steering. Akamai mentioned its adjusted earnings for the interval will vary between $6.31 and $6.38 per share on income of $3.966 billion to $3.991 billion. Analysts polled by FactSet anticipated $6.43 per share in earnings and $3.99 billion in income. DraftKings — The sports activities betting firm tumbled 4% after steering missed the mark. DraftKings mentioned its fourth-quarter adjusted earnings earlier than curiosity, taxes, depreciation and amortization will vary between $240 million and $280 million. Analysts polled by LSEG sought $340 million to $420 million. The corporate additionally fell wanting the Road’s expectations within the third quarter. Sweetgreen — The salad chain dropped greater than 10% after lacking on prime and backside traces within the third quarter. Sweetgreen introduced losses of 18 cents per share, whereas analysts had anticipated a lack of 13 cents per share, in accordance with LSEG. Income of $173 million additionally fell wanting the $175 million forecast by analysts. Toast — Shares of the restaurant administration software program firm surged 19% on robust fourth-quarter steering. Toast guided fourth-quarter adjusted EBITDA between $90 million and $100 million. Analysts polled by StreetAccount estimated $74.8 million. Third-quarter outcomes additionally beat estimates on each prime and backside traces. Expedia Group — Shares of the journey service firm jumped 3%. Expedia’s adjusted earnings for the third quarter got here in at $6.13 per share, beating analysts’ name for $6.04 a share, per LSEG. Income got here in at $4.06 billion and narrowly lacking analysts’ forecast for $4.11 billion. The corporate additionally mentioned Chief Monetary Officer Julie Whalen can be stepping down from her position. Arista Networks — The pc networking firm fell 6% regardless of third-quarter outcomes that topped estimates. Arista Networks reported third-quarter adjusted earnings of $2.40 per share on income of $1.81 billion. Analysts had anticipated earnings of $2.08 per share on $1.74 billion in income. The corporate’s fourth-quarter income steering vary additionally beat forecasts. Arista Networks additionally introduced a 4-for-1 inventory cut up. Lucid Group — The electrical automobile producer superior 6% after narrowly beating analysts’ expectations within the third quarter. Lucid reported an adjusted lack of 28 cents per share on income of $200 million within the interval. Analysts polled by LSEG anticipated a lack of 30 cents per share and income of $198 million. The corporate additionally reaffirmed plans to provide about 9,000 autos this yr, up 6.8% from 2023. Capri Holdings — The proprietor of Jimmy Choo misplaced 7% after leads to the fiscal second quarter missed analysts’ estimates. Capri reported adjusted earnings of 65 cents per share on income of $1.08 billion, whereas the Road sought 75 cents a share in earnings and $1.18 billion in income, per LSEG. Income for Michael Kors and Versace additionally got here up wanting expectations. — CNBC’s Darla Mercado, Lisa Kailai Han and Alex Harring contributed reporting.
