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Check out the companies making headlines after the bell.
Uber — shares of the ride-sharing platform rose 2.5% after that bloomberg reported that the company is examining a potential spin-off of its freight logistics unit.
Silvergate Capital – Shares fell 36% after the company announced it was winding down operations and liquidating Silvergate Bank. The news comes about a week after the bank warned it might not be able to continue in business and follows a series of financial challenges and government investigations in the wake of the collapse of FTX, which was one of the bank’s clients.
MongoDB – Database platform provider shares fell 8% after the bell. MongoDB provided weak guidance on revenue, but it posted cadences at the top and bottom of the fourth quarter.
SVB Financial – The financial services company’s stock fell 6% after that SVB Finance said It intends to offer $1.25 billion of its common stock and $500 million of depository stock.
LoanDepot – Mortgage lender shares fell 2.6% after a fourth-quarter earnings report that missed analysts’ expectations. The company posted a loss of 46 cents per share on revenue of $169.7 million. Analysts polled by FactSet estimated an earnings loss of 27 cents per share on 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 the company’s commitment to improving its financials by Transformation and growth strategy.
— CNBC’s Darla Mercado and Tanaya Machel contributed reporting
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