In this photo an image of the trading chart TradingView of SVB Financial Group displayed on a smartphone with the logo of SVB Financial Group in the background.
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Check out the companies making headlines in after-hours trading.
SVB Financial — Shares fell 6% after the bell and continued to fall as of Thursday’s session following an announcement from the financial services company that it was seeking more than $2 billion in capital to help offset losses from bond sales.
Oracle — The information technology company fell 4.9% after beating analysts’ earnings estimates but missing third-quarter earnings. Oracle posted adjusted earnings of $1.22 per share, compared to the $1.20 per share expected by analysts polled by Refinitiv. But revenue came in lower, at $12.40 billion compared to the $12.42 billion Wall Street expected. The company also increased its quarterly dividend from 32 cents to 40 cents.
Hole — The retailer fell 7% after missing both the top and bottom lines in the fourth quarter. Gap reported a loss of 75 cents per share, larger than the loss of 46 cents per share estimated by analysts polled by Refinitiv. Revenue was lower than expected and came in at $4.24 billion compared to an expected $4.36 billion. Gap said it expects first-quarter and full-year sales to decline year-over-year, despite analysts expecting both to post modest year-over-year gains.
Ulta — The beauty retailer was down 2.1% despite beating analyst expectations for both the top and bottom line, according to Refinitiv, and providing optimistic forward guidance. Earnings came in at $6.68 per share, exactly one dollar above the consensus estimate of analysts polled by Refinitiv. Revenue was also higher than expected, at $3.23 billion compared to the $3.03 billion analysts expected.
Vail Resorts — The stock fell 4.6% after Vail Resorts reported mixed second fiscal quarter results and weak expectations, according to FactSet. The company beat revenue expectations by $1.1 billion, compared to the $1.07 billion expected by analysts polled by FactSet. But Vail Resorts came in below the consensus estimate on earnings for the quarter, posting $5.16 per share against the expected $6.11. The company’s expectations for net income and adjusted EBITDA for the year leading up to July were in line with analyst expectations.
Zumiez — Shares of the retailer fell 11% as weak outlook overshadowed a fourth quarter that beat expectations, according to FactSet. Earnings per share came in 10 cents higher than analyst forecasts at 59 cents, while revenue was $280.1 million, compared to the consensus estimate of $267.8 million. But for the current quarter, the company said it expects a loss of between 85 cents and 95 cents per share, despite Wall Street expecting a slight profit of 3 cents. Similarly, the company led sales to be between $178 million and $184 million, while Street expected $222 million.
DocuSign — Shares fell 5% after the electronic signature platform beat expectations on both the top and bottom lines, according to Refinitiv. Earnings came in 10 cents higher than analysts’ per-share expectations of 62 cents, while revenue was $660 million, $28 million higher than The Street’s forecast. However, the company announced that CFO Cynthia Gaylor would step down later this year.
— CNBC’s Jesse Pound contributed reporting
(TagsToTranslate)SVB Financial Group