Stocks making the biggest moves after hours: SVB Financial, Oracle, Gap and more

cnbc.com:

In this article

Check out the companies making headlines in after-hours trading.

SVB Financial — Shares slid 6% after the bell, continuing to plunge from Thursday's session following an announcement from the financial services company that it was looking to raise more than $2 billion in capital to help offset losses from bond sales.

Oracle — The information technology company dropped 4.9% after beating analysts' expectations on earnings but missing on revenue for its third quarter. Oracle posted adjusted earnings of $1.22 in per share compared with the $1.20 per share expected by analysts polled by Refinitiv. But its revenue came in lower, at $12.40 billion compared with the $12.42 billion Wall Street anticipated. The company also increased its quarterly dividend to 40 cents from 32 cents.

Gap — The retailer tumbled 7% after missing on both the top and bottom lines in the fourth quarter. Gap posted a loss of 75 cents per share, larger than the loss of 46 cents per share estimated by analysts polled by Refinitiv. Revenue was lower than expected, coming in at $4.24 billion compared with an expected $4.36 billion. Gap said to expect its first quarter and full-year revenue to decrease year over year despite analysts expecting both to show modest annualized gains.

Ulta — The beauty retailer slid 2.1% despite beating analysts' expectations for both the top and bottom lines, according to Refinitiv, and issuing upbeat forward guidance. 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 with the $3.03 billion anticipated by analysts.

Vail Resorts — The stock lost 4.6% after Vail Resorts reported