Warner Bros. Discovery, Roblox, Take-Two, Robinhood, Upstart, Toast, and More Movers

Rivian Automotive
(RIVN), the electric-vehicle maker, raised its production guidance for 2023, saying it now expects to produce 54,000 cars, up from previous guidance of 52,000. The company also reported a narrower third-quarter loss. The stock was up 1.9%.

Lucid Group
‘s (LCID) third-quarter sales missed Wall Street estimates and the electric-vehicle start-up reduced production guidance to a range of 8,000 to 8,500 vehicles this year from about 10,000.
Lucid
shares fell 6.3%.

Fisker
(FSR) fell 4.7% after the EV maker delayed the release of its third-quarter results until Nov. 13. Earnings has been scheduled before the stock market opened Wednesday.

Roblox
(RBLX) rose 13% after the videogame platform reported a narrower-than-expected third-quarter loss and as bookings and average daily active users each jumped 20% in the period.

Take-Two Interactive Software
(TTWO) rose 8% following a report that said the hotly anticipated next installment of the Grand Theft Auto videogame franchise may be announced this week.

Robinhood Markets
(HOOD) missed Wall Street’s third-quarter revenue expectations as transaction revenue and monthly active users both slowed. Shares of the trading app declined 13%.

Upstart Holdings
(UPST) fell 25% after the artificial intelligence lending platform posted an adjusted loss of 5 cents a share in the third quarter while analysts were expecting a loss of 2 cents. Revenue of $135 million missed forecasts of $140 million. The company’s revenue outlook for the fourth quarter also was shy of estimates.

Toast
(TOST), the cloud-based platform for restaurant operations, said it expects full-year revenue of $3.83 billion to $3.86 billion, narrower than a previous forecast of $3.81 billion to $3.87 billion. The reduction to the top end of revenue guidance sent shares of
Toast
down 18%.

EBay
(EBAY) issued fourth-quarter revenue guidance of $2.47 billion to $2.53 billion, with growth on a currency-adjusted basis ranging from a 1% decline to a 2% increase. Analysts had been estimating revenue of $2.6 billion for eBay’s fourth quarter. Shares of the online marketplace were falling 6.3%.

Array Technologies
(ARRY) was falling 15% after the solar tracking solutions company issued weak guidance for the full year. For 2023, Array said it expects revenue in the range of $1.525 billion to $1.575 billion while analysts had been forecasting revenue of $1.64 billion.

IT infrastructure provider
Kyndryl
(KD) posted third-quarter revenue of $4.1 billion, about $100 million better than analysts’ estimates. The company also reported adjusted earnings before interest, taxes, depreciation and amortization, or Ebitda, of $574 million, well above Wall Street consensus of $487 million. The stock rose 11%.

Sleep Number
(SNBR) was down 23% after the mattress maker posted a surprise third-quarter loss and predicted a loss for the full year of 70 cents a share that includes restructuring charges from job cuts and store closures the company announced Tuesday.

Write to Joe Woelfel at [email protected]