Text size
Rivian, the maker of electric trucks, maintained its production estimates for the full year.
Courtesy Rivian
Stock futures rose Friday amid more signs that inflation in the U.S. has been cooling, which could allow the Federal Reserve to be less aggressive in its moves to slow the economy.
These are some of the stocks making moves in premarket trading Friday.
Rivian
(ticker: RIVN), the maker of electric trucks, reported a wider-than-expected second-quarter loss, but maintained its production estimates for the full year. The stock rose 0.3%.
Shares of
Illumina
(ILMN) sank 14.7% after the gene-sequencing company cut its earnings guidance for the full year. Second-quarter adjusted earnings also missed analysts’ estimates.
Some of China’s biggest state-owned companies, including
PetroChina
(PTR),
Sinopec
(SNP), and
China Life Insurance
(LFC) said Friday they will voluntarily delist from U.S. stock exchanges. American depositary receipts of the three companies fell in premarket trading.
Medical equipment maker
ResMed
(RMD) posted fiscal fourth-quarter adjusted earnings that beat analysts’ forecasts. The stock fell 1.3%.
Toast
(TOST), which offers a technology platform for restaurants, rose 12.6% after raising full-year guidance and posting better-than-expected second-quarter results.
Poshmark
(POSH)…
..
