RIVN, ABNB, TWLO, BROS and more

Rivian electric pickup trucks sit in a parking lot at a Rivian service center in South San Francisco, California on May 09, 2022.

Justin Sullivan | Good pictures

Check out the companies making headlines in premarket trading.

Rivian Automotive – Shares of the electric vehicle maker rose more than 6% after the company reported a narrower-than-expected first-quarter loss. Rivian said it is still on track to meet its production target of 50,000 vehicles by 2023.

Airbnb – Shares fell 13.3% after the vacation booking site gave a weak outlook for the second quarter and the company said it would struggle to meet year-over-year comparables. Airbnb still beat expectations on both lines of quarterly revenue.

Twilio — Shares of the software company fell 16% in premarket trading after Twilio’s earnings forecast came in weaker than expected. The company said it expects second-quarter revenue of $980 million to $990 million. Analysts surveyed by Refinitiv expected revenue of $1.05 billion.

Dutch Bros. – Shares fell 7.6% after the company reported first-quarter same-store sales and revenue that came in below expectations. The company broke even in the quarter, while analysts polled by Street Account expected a loss of 3 cents per share. JP Morgan downgraded the stock from overweight to neutral as a result of the report.

Celsius Holdings – The beverages company rose 11.1% following a strong earnings report. Celsius reported earnings per share of 40 cents in the first quarter, beating the 19-percent consensus estimate of analysts polled by the Street Account. Revenue also came in above analysts’ expectations. Bank of America upgraded the stock to Buy from Neutral as a result.

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Virgin Galactic – The space tourism company saw its shares fall more than 4.5%. Virgin, which aims for its first space flight in nearly two years later this month, cited “an increase in research and development costs” in a press release.

GoodRx — The digital healthcare platform lost 8.3% after giving weaker-than-expected guidance for current-quarter and full-year revenue. However, GoodRx beat expectations for revenue in the first quarter.

Alcon – The eye care stock rose 5.1% after beating expectations on both top and bottom lines in the first quarter. Alcon reaffirmed its full-year earnings guidance and said core diluted earnings per share should come in a range that includes the consensus estimate of analysts polled by the Street Account.

Rockwell Automation – Shares fell 2.8% following a Wall Street Journal report that the Biden administration is investigating whether the industrial technology company exposed US military, infrastructure and government assets to a cyber attack through one of its facilities in China. CNBC has reached out to Rockwell Automation for comment.

Halozyme Therapeutics – Shares of the biopharma stock rose 1.9% after the company reaffirmed its full-year earnings guidance. That helped investors miss earnings in the first quarter. Piper Sandler upgraded the stock from neutral to overweight following the report.

Roblox – Shares added 2% in the premarket ahead of the video game maker’s earnings report, which was expected before hours. Wall Street analysts were expecting earnings of 40 cents per share and revenue of $766 million, according to Refinitiv.

Occidental Petroleum – Shares fell 1.5% after the company’s quarterly earnings missed Wall Street’s expectations. The company also reported a decline in year-on-year revenue due to falling oil prices.

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Akamai Technologies — The cloud company’s shares rose nearly 5% in premarket trading on better-than-expected first-quarter earnings and revenue. Akamai raised its full-year profit guidance.

Affirm — Shares of the buy-now, pay-later company fell 5.7% in premarket trading, after Affirm reported better-than-expected quarterly results a day earlier, correcting to 69 cents a share. Analysts polled by Refinitiv had expected a loss of 92 cents per share.

— CNBC’s Jesse Pound, Yun Li, Tanaya Machill, Brian Evans, Hakyung Kim and Michael Fox contributed reporting

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