November 22, 2024

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SIVB, ORCL, GPS and more

SIVB, ORCL, GPS and more

In this photo illustration of a TradingView stock market chart of SVB Financial Group seen displayed on a smartphone with the SVB Financial Group logo in the background.

Igor Golovnyov | Light Rocket | Getty Images

Check out which companies are making headlines in after-hours trading.

SVB Financial Shares fell 6% after the bell, extending the slide from Thursday’s session after an announcement from the financial services firm that 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 it beat analyst expectations for earnings but missed out on third-quarter revenue. Oracle reported adjusted earnings of $1.22 per share, compared to the $1.20 per share that analysts had expected in a Refinitiv survey. But its revenue came in lower, at $12.40 billion, compared to the $12.42 billion expected on Wall Street. The company also increased its quarterly dividend to 40 cents from 32 cents.

The Gap – The retailer fell 7% after losing both the top and bottom lines in the fourth quarter. Gap reported a loss of 75 cents per share, greater than the loss of 46 cents per share estimated by analysts Refinitiv polled. Revenue was lower than expected, at $4.24 billion compared to an expected $4.36 billion. Gap said it expects its first-quarter and full-year revenue to decline year-over-year, although analysts expect both to show modest annual gains.

Ulta — Cosmetics retail sales fell 2.1% despite beating analyst expectations for both top and bottom earnings, according to Refinitiv, and issuing upbeat guidance for the future. Earnings came in at $6.68 per share, exactly $1 higher than the estimates of analysts polled by Refinitiv. Revenue was also higher than expected, at $3.23 billion compared to the $3.03 billion expected by analysts.

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Vail Resorts — The stock lost 4.6% after Vail Resorts reported mixed fiscal second-quarter results and weak guidance, according to FactSet. The company beat revenue forecasts by $1.1 billion compared to the $1.07 billion expected by analysts surveyed by FactSet. But Vail Resorts came in just under the consensus estimate for earnings in the quarter, reporting $5.16 per share versus the expected $6.11. The company’s guidance on net income and adjusted EBITDA for the year before July came in below analyst 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 analyst expectations of 59 cents, while revenue came in at $280.1 million compared to a 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, although Wall Street expected a slight gain of 3 cents. Likewise, the company directed revenue to be between $178 million and $184 million, while Street projected $222 million.

DocuSign Shares fell 5% after the e-signature platform beat expectations on both the top and bottom lines, according to Refinitiv. Earnings came in 10 cents ahead of analyst expectations per share of 62 cents, while revenue was $660 million, beating Street’s forecast of $28 million. However, the company announced that CFO Cynthia Gaylor will be stepping down later this year.

— CNBC’s Jesse Pound contributed reporting