Rivian Automotive, Super Micro Computer, and More: After-Hours Stock Updates

Companies Making Headlines After Hours

Rivian Automotive

Rivian Automotive dipped about 2.5% in extended trading. The decline comes even after the electric automaker beat second-quarter expectations on the top and bottom lines. Rivian reported an adjusted loss of $1.08 per share on revenue of $1.12 billion. Analysts had expected a loss per share of $1.41 on revenue of $1.0 billion.

Super Micro Computer

Super Micro Computer tumbled 12% in extended trading even after reporting an earnings beat. The information technology company reported fiscal fourth-quarter adjusted earnings of $3.51 per share on revenue of $2.18 billion. Analysts had expected per share earnings of $2.96 on revenue of $2.08 billion. It also issued first-quarter guidance, the midpoint of which was slightly above estimates.

Axon Enterprise

Axon Enterprise advanced 10% after beating top and bottom line expectations in its latest earnings results. The weapons maker behind the Taser and other products reported second-quarter adjusted earnings of $1.11 per share, exceeding the consensus estimate. It posted revenue of $374.6 million, higher than the forecast by analysts.

Penn Entertainment

Penn Entertainment surged 22% after announcing the launch of an online sportsbook with ESPN, called ESPN Bet, this fall.

Take-Two Interactive Software

Take-Two Interactive Software popped 3.4% in extended trading after reaffirming full-year bookings guidance. However, the video game company reported lower revenue in its first quarter compared to the consensus estimate. It also issued second-quarter bookings guidance slightly below estimates.

Twilio

Shares of Twilio gained 10% after the company reported a beat on the top and bottom lines in its latest earnings results. Twilio reported second-quarter adjusted earnings of 54 cents per share on revenue of $1.04 billion.

Bumble

Bumble shares dipped 3.5% in extended trading. The online dating company posted second-quarter earnings of 5 cents per share on revenue of $260 million.

Lyft

Lyft shares were 6% lower in extended trading after initially popping more than 12% following the release of the ride-hailing company’s second-quarter results. Lyft posted revenue of $1.02 billion, in line with the estimate from analysts. Meanwhile, adjusted per share earnings came in at 16 cents, beating the expectation of a loss of 1 cent per share.

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