Stocks making the biggest moves after hours: SVB Financial, Oracle, Gap and more
Publishing timestamp: 2023-03-09 17:50:12
Summary
Several companies saw their shares drop in after-hours trading following earnings reports. SVB Financial continued to slide after announcing it was looking to raise capital to offset losses from bond sales. Oracle beat earnings expectations but missed on revenue, while Gap missed on both top and bottom lines and issued weak guidance. Ulta beat expectations but still saw its shares slide, while Vail Resorts reported mixed results and weak guidance. Zumiez beat expectations for the fourth quarter but issued weak guidance for the current quarter. DocuSign beat expectations but saw its shares slip after announcing its CFO would step down later this year.
Sentiment: NEGATIVE
Tickers: GPS, DOCU, ORCL, ZUMZ, FDS, MTN, ULTA, SIVB,
Keywords: zumiez inc, business, svb financial group, market insider, breaking news: markets, gap inc, docusign inc, oracle corp, ulta beauty inc, markets, economy, vail resorts inc, stock markets, business news, factset research systems inc,
Source: https://www.cnbc.com/2023/03/09/stocks-moving-big-after-hours-sivb-orcl-gps-and-more.html