Yahoo Finance Live host Brian Cheung looks at several trending stocks making moves in the after hours trading session.
BRIAN CHEUNG: Well, let's take a look at some after hours movers again. We had a number of companies reporting earnings. We were just talking about Rivian recently. Shares are actually up only about 1% after hours. Again, Pras down those numbers. We'll continue to dig into those a little bit deeper.
But I want to highlight Toast. This company actually going up by 12%. They had boosted revenue in their fiscal year forecast. And actually, they expanded their revenue and EBITDA forecast going forward. So investors clearly liking what they see as the future for Toast. Again, shares after hours up 12%.
Also want to highlight Poshmark. Again, this company getting a lot of attention as well, down about 5%. The reverse story for them compared to Toast, they had a loss for the quarter, and they actually lowered and missed on their guidance for revenue and also EBITDA going forward.
And then last stock I want to highlight here, they reported earnings today, but the big story for them is actually about the acquisition of Redbox. This is Chicken Soup for the Soul. If you weren't aware, this is, yes, the company that wrote those books a few decades ago. But this company actually buying the machines that you see outside of the grocery store for DVDs. That's a $375 million deal they announced yesterday. They reported earnings today. Revenue up about 70% year over year. Extended hours down, though, 1 and 1/2%.