Toast (TOST 20.51, +2.36, +13.00%): beats by $0.01, beats on revs; guides Q3 revs above consensus; raises FY22 revs guidance above consensus
Illumina (ILMN 193.55, -33.89, -14.90%): misses by $0.07, misses on revs; cuts FY22 EPS, revs expectations
Rivian Automotive (RIVN 38.64, -0.31, -0.80%): beats by $0.01, beats on revs, reports R1 preorder backlog of 98,000 vehicles; Reaffirms 2022 production target of 25K vehicles, lowers capital expenditure guidance
Olo Inc. (OLO 8.77, -4.22, -32.49%): beats by $0.01, reports revs in-line; guides Q3 revs below consensus; lowers FY22 revs below consensus
Payoneer (PAYO 6.79, +1.11, +19.54%): beats by $0.07, beats on revs; guides FY22 revs above consensus
Alibaba (BABA 92.07, -2.80, -2.95%): Lower in response to news that several Chinese companies announced plans to delist at the NYSE.