A Rivian electric pickup truck is seen in the parking lot of a Rivian service center on May 9, 2022 in South San Francisco, California.
Justin Sullivan | Getty Images
Check out the companies making headlines in premarket trading.
rivian car — Shares of the electric car maker rose more than 6% after reporting a smaller-than-expected first-quarter loss. Rivian also said it remains on track to meet its 2023 production goal of 50,000 vehicles.
Airbnb — Shares fell 13.3% after the vacation booking platform gave a weaker outlook for the second quarter and said the company may struggle to achieve comparable year-over-year levels. Airbnb’s quarterly earnings topped estimates on both lines.
Twilio — Shares of Twilio fell 16% in premarket trading after the software company’s revenue forecast fell short of expectations. The company said it expects second-quarter revenue of $980 million to $990 million. Analysts polled by Refinitiv expected revenue of $1.05 billion.
dutch brothers — Shares fell 7.6 percent after the company reported first-quarter same-store sales and revenue that missed expectations. The company did break even in the quarter, while analysts polled by StreetAccount expected a loss of 3 cents a share. JPMorgan downgraded the stock to Neutral from Overweight due to the report.
Celsius Holdings — Shares of the beverage company rose 11.1% after a strong earnings report. Celsius earned 40 cents a share in the first quarter, more than double the consensus estimate of 19 cents by analysts polled by StreetAccount. Revenue also far exceeded analyst expectations. As a result, Bank of America upgraded the stock to Buy from Neutral.
virgin galactic — Shares of the space tourism company fell more than 4.5% after reporting a quarterly loss that widened from a year earlier. Virgin Atlantic, which is targeting its first space flight in almost two years later this month, cited “increased research and development expenses” in a press release.
Benefits — The digital health platform fell 8.3 percent after giving weaker-than-expected guidance for current quarter and full-year revenue. However, GoodRx’s first-quarter revenue topped expectations.
alcon — The eye care stock soared 5.1 percent after first-quarter revenue and profit beat estimates. Alcon reiterated its full-year revenue guidance and said core diluted earnings per share for the year should be within the consensus range of analysts surveyed by StreetAccount.
Rockwell Automation — Shares fell 2.8% after the Wall Street Journal reported that the Biden administration was investigating whether the industrial technology company exposed U.S. military, infrastructure and government assets in a cyberattack through one of its facilities in China. CNBC has reached out to Rockwell Automation for comment.
halogen therapy — Biopharmaceutical shares rose 1.9 percent after the company reiterated its full-year earnings guidance. That helped investors overlook the revenue miss in the first quarter. Following the report, Piper Sandler upgraded the stock to overweight from neutral.
Robles — Roblox shares fell 8.1% after the company reported a loss per share that topped Wall Street expectations. Roblox posted a first-quarter loss of 44 cents per share. Meanwhile, analysts estimated a loss of 40 cents a share, according to Refinitiv data. The company’s average bookings per daily active user were flat year-over-year, even as the company reported a 23% increase in engagement hours over the same period.
western petroleum corp. — Shares fell 1.5 percent after the company’s quarterly earnings fell short of Wall Street expectations. The company also reported a year-over-year decline in earnings due to lower oil prices.
Intelligent Technology — Shares of the cloud company rose nearly 5% in premarket trading on better-than-expected first-quarter earnings and revenue. Akamai also raised its full-year profit forecast.
confirm — Shares of the pay-as-you-go company fell 5.7 percent in premarket trading, posting an adjusted loss of 69 cents a share, even after Affirm reported better-than-expected quarterly results the previous day. Analysts polled by Refinitiv expected a loss of 92 cents a share.
— CNBC’s Jesse Pound, Yun Li, Tanaya Macheel, Brian Evans, Hakyung Kim and Michelle Fox contributed reporting