SIVB, ORCL, GPS and more

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

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Find out which companies are making headlines after hours.

SVB Financial – Shares fell 6% after the bell, continuing to plunge since Thursday’s session after the financial services firm announced it was seeking to raise more than $2 billion in capital to help offset losses related to bond sales.

Oracle – The information technology company tumbled 4.9% after beating analysts’ profit expectations, but missed revenue for its third quarter. Oracle posted adjusted earnings of $1.22 per share versus $1.20 per share expected by analysts polled by Refinitiv. But its revenue fell, to $12.40 billion from the $12.42 billion forecast by Wall Street. The company also increased its quarterly dividend to 40 cents from 32 cents.

Gap – The retailer fell 7% after missing both top and bottom results in the fourth quarter. Gap posted a loss of 75 cents per share, higher than the 46 cents per share loss estimated by analysts polled by Refinitiv. Revenue was lower than expected at $4.24 billion versus $4.36 billion expected. Gap said it expects first-quarter and full-year revenue to decline year over year, though analysts expect both to show modest annualized gains.

Ulta – The beauty retailer fell 2.1% despite analysts’ expectations for revenue and earnings, according to Refinitiv, and issued an upbeat forecast. Earnings came in at $6.68 a share, exactly a dollar above the consensus estimate of analysts polled by Refinitiv. Revenue was also higher than expected, at $3.23 billion versus $3.03 billion expected by analysts.

Vail Resorts – The stock fell 4.6% after Vail Resorts reported mixed fiscal second-quarter results and weak guidance, according to FactSet. The company beat revenue expectations with $1.1 billion versus $1.07 billion forecast by analysts polled by FactSet. But Vail Resorts was below the consensus estimate for earnings in the quarter, posting $5.16 a share versus $6.11 expected. The company’s guidance for net profit and adjusted EBITDA for the year to July is in line with analysts’ expectations.

Zumiez – The retailer’s shares fell 11% as weak forecasts overshadowed a fourth quarter that beat expectations, according to FactSet. Earnings per share topped analysts’ forecasts by 10 cents at 59 cents, while revenue rose to $280.1 million from the consensus estimate of $267.8 million. But for the current quarter, the company said it expects a loss of between 85 and 95 cents per share, although Wall Street expects a slight gain of 3 cents. Similarly, the company guided revenue between $178 million and $184 million, while the street forecast $222 million.

DocuSign – Shares fell 5% after the e-signature platform beat expectations both up and down, according to Refinitiv. Earnings beat analysts’ expectations by 10 cents per share at 62 cents, while revenue was $660 million, beating Street’s forecast of $28 million. However, the company has announced that chief financial officer Cynthia Gaylor will be stepping down later this year.

– CNBC’s Jesse Pound contributed reporting

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