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Check out the companies making headlines after the bell.
Uber — Shares of the ride-sharing platform gained 2.5% afterward Bloomberg reported that the company is considering a possible spin-off of its freight logistics division.
related investment news
Silvergate capital — Shares fell 36% after the company announced it would wind down operations and liquidate Silvergate Bank. The news comes about a week after the bank warned it may not be able to continue operating and follows a string of financial troubles and government investigations in the wake of the collapse of FTX, a client of the bank.
MongoDB — Shares of the database platform provider fell 8% after the bell. MongoDB offered weak revenue prospects, but posted top and bottom line beats for the fourth quarter.
SVB Financial — The share of the financial services company then fell by 6% according to SVB Financial that it plans to offer $1.25 billion of its common stock and $500 million in depositary shares.
LoanDepot — Shares of the mortgage lender fell 2.6% after its fourth-quarter earnings report missed analyst expectations. The company reported a loss of 46 cents per share and revenue of $169.7 million. Analysts polled by FactSet had estimated earnings loss of 27 cents per share and revenue of $190.9 million.
Fossil — Shares of the fashion accessories company rose 2%. Despite Fossil reporting a 17% drop in revenue for the fourth quarter, shares rose after CEO Kosta Kartsotis stated that the company is committed to improving its financial position through its Transform and grow strategy.
— CNBC’s Darla Mercado and Tanaya Macheel contributed reporting
