Rivian stock falls after saying third-quarter revenue would be in line with analysts' estimates and announcing an offering of $1.5 billion in convertible...
Stock futures fell Thursday giving up some gains from the previous session that saw the S&P 500 post its best day in almost three weeks. The yield on the 10-year Treasury note rose slightly to 4.74%, remaining near multiyear highs.Rivian Automotive expects third-quarter sales of between $1.29 billion and $1.33 billion, in line with analysts’ estimates, and said it plans to offer $1.5 billion worth of convertible notes.
Clorox was falling 4.4% after cutting its fiscal first-quarter outlook following a cybersecurity attack. Clorox sees a loss of 35 cents to 75 cents a share; on an adjusted basis it expects between a break-even result to a loss of 40 cents a share. Clorox said it sees sales falling by 28% to 23% in the period from a year earlier. The company disclosed the cyberattack in mid-August.
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