SIVB, ORCL, GPS and more
In this photo illustration of the TradingView stock chart of SVB Financial Group shown on a smartphone with the SVB Financial Group logo in the background.
Igor Golovniov | Lightrocket | Getty Images
Check out the companies making headlines in after-hours trading.
SVB Financial — Shares fell 6% after hours, continuing their slide from Thursday’s session after the financial company announced it was looking to raise 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 expectations but missing third-quarter revenue. Oracle posted adjusted earnings of $1.22 per share compared with the $1.20 per share expected by analysts polled by Refinitiv. But revenue was lower, at $12.40 billion compared to the $12.42 billion Wall Street expected. The company also increased its quarterly dividend to 40 cents from 32 cents.
Gap — The retailer fell 7% after missing both the top and bottom lines in the fourth quarter. Gap posted a loss of 75 cents per share, larger than the 46 cents per share loss estimated by analysts polled by Refinitiv. Revenue was lower than expected, coming in at $4.24 billion compared to expectations of $4.36 billion. Gap is said to expect first-quarter and full-year revenue to decline year-over-year despite analysts expecting both to show modest annual gains.
Ulta — The beauty retailer fell 2.1% despite beating analysts’ expectations on both the top and bottom lines, according to Refinitiv, and giving positive guidance going forward. 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 that analysts had expected.
Vail Resorts — The stock lost 4.6% after Vail Resorts reported mixed results for its fiscal second quarter and weak guidance, according to FactSet. The company beat revenue expectations by $1.1 billion, compared with the $1.07 billion expected by analysts polled by FactSet. But Vail Resorts came in below the consensus estimate for earnings in the quarter, posting $5.16 per share versus expectations of $6.11. The company’s guidance on net income and adjusted EBITDA for the year to July came in below analysts’ expectations.
Zumiez — Shares of the retailer fell 11% as weak guidance overshadowed a fourth quarter that beat expectations, according to FactSet. Earnings per share came in 10 cents ahead of analysts’ forecasts of 59 cents, while revenue came in at $280.1 million, compared with 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 a share, despite Wall Street expecting a small gain of 3 cents. Likewise, the company guided revenue to between $178 million and $184 million, while the 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 ahead of analysts’ expectations of 62 cents a share, while revenue was $660 million, ahead of the Street’s forecast of $28 million. However, the company announced that CFO Cynthia Gaylor would step down later this year.
– CNBC’s Jesse Pound contributed reporting