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Payoneer Global Inc. (NASDAQ:PAYO) +18%; shares are trading over 20% higher in premarket trading on Friday after the fintech company delivered strong Q2 results and upgraded its full-year guidance.
Toast (NYSE:TOST) +14%; reported Q2 EPS of ($0.11), $0.01 better than the analyst estimate of ($0.12). Revenue for the quarter came in at $675 million versus the consensus estimate of $651.28 million. GUIDANCE: Toast sees Q3 2022 revenue of $700-730 million, versus the consensus of $665 million.
Rivian Automotive (NASDAQ:RIVN) +2%; reported Q2 EPS of ($1.62), $0.01 better than the analyst estimate of ($1.63). Revenue for the quarter came in at $364 million versus the consensus estimate of $335.38 million.
CS Disco (OTC:DSCSY) LLC (NYSE:LAW) -35%; receives three downgrades following EPS miss.
Olo Inc. (NYSE:OLO) -32%; slashed its revenue guidance. A Piper Sandler analyst cut the rating on OLO stock to Neutral from Overweight to reflect mounting growth headwinds.
Illumina (NASDAQ:ILMN) -16%; reported Q2 EPS of $0.57, $0.07 worse than the analyst estimate of $0.64. Revenue for the quarter came in at $1.16 billion versus the consensus estimate of $1.22 billion. GUIDANCE: Illumina sees FY2022 EPS of $2.75-$2.90, versus the consensus of $4.12.
Treasure Global (NASDAQ:TGL) -10%; IPO climbed 345% intraday.
Alibaba (NYSE:BABA) -3%; and other U.S.-listed Chinese stocks declined after three of the largest Chinese state-owned companies announced plans to delist from American exchanges.
Pinduoduo (NASDAQ:PDD) -4%
JD.com (NASDAQ:JD) -4%
