After-hours movers: SVB continues lower on bank woes, Oracle falls following EPS
After-Hours Stock Movers:
Barnes & Noble Education (NYSE:BNED) 24% HIGHER; reported Q3 EPS of ($0.48), $0.40 worse than the analyst estimate of ($0.08). Revenue for the quarter came in at $447.06 million versus the consensus estimate of $397.1M.
SVB Financial Group (NASDAQ:SIVB) 18% LOWER; adds to intra-day declines as venture funds tell companies to back away from the bank. Shares fell 60.4% intra-day. The company is seeking to raise $2.25 billion in equity after selling securities at a loss to shore up its balance sheet. The pricing is expected tonight.
Allbirds Inc (NASDAQ:BIRD) 18% LOWER; reported Q4 EPS of ($0.17), $0.05 worse than the analyst estimate of ($0.12). Revenue for the quarter came in at $84.2M versus the consensus estimate of $96.89M. Allbirds, Inc. sees Q1 2023 revenue of $45-50M, versus the consensus of $67.1M. CFO Mike Bufano is leaving.
DocuSign (NASDAQ:DOCU) 6% LOWER; reported Q4 EPS of $0.65, $0.13 better than the analyst estimate of $0.52. Revenue for the quarter came in at $659.6M versus the consensus estimate of $639.26M. DocuSign Inc . sees Q1 2024 revenue of $639-643M, versus the consensus of $639.71M. DocuSign Inc. sees FY2024 revenue of $2.695-2.707M, versus the consensus of $2.69M.
Gap Inc (NYSE:GPS) 6% LOWER; reported Q4 EPS of ($0.75), $0.28 worse than the analyst estimate of ($0.47). Revenue for the quarter came in at $4.24B versus the consensus estimate of $4.36B. Comparable sales are down 5% year-over-year.
Oracle (NYSE:ORCL) 3% LOWER; reported Q3 EPS of $1.22, $0.01 better than the analyst estimate of $1.21. Revenue for the quarter came in at $12.4B versus the consensus estimate of $12.43B.
