Market Insider

In this article

Pavlo Gonchar | Lightrocket | Getty Images

Check out the companies making headlines after the bell.

Uber — The ride-sharing platform’s shares gained 2.5% after Bloomberg reported that the company is weighing a potential spinoff of its freight logistics unit.

Silvergate Capital — Shares slid 36% after the company announced it will wind down operations and liquidate Silvergate Bank. The news comes about a week after the bank warned it may not be able to continue operating and follows a series of financial challenges and government investigations in the aftermath of the collapse of FTX, which was a customer of the bank.

MongoDB — Shares of the database platform provider fell 8% after the bell. MongoDB offered weak guidance on revenue, but posted beats on the top and bottom lines for the fourth quarter.

SVB Financial — The financial services company’s stock fell 6% after SVB Financial said that it intends to offer $1.25 billion of its common stock and $500 million of depositary shares.

LoanDepot — The mortgage lender’s shares fell 2.6% after its fourth-quarter earnings report missed analysts’ expectations. The company reported a loss of 46 cents per share and revenue of $169.7 million. Analysts polled by FactSet had estimated an earnings loss of 27 cents per share and revenue of $190.9 million.

Fossil — The fashion accessories company’s shares rose 2%. Despite Fossil reporting a 17% drop in revenue for the fourth quarter, shares rose after CEO Kosta Kartsotis stated the company’s commitment to improving its financials through its Transform and Grow strategy.

— CNBC’s Darla Mercado and Tanaya Macheel contributed reporting

Articles You May Like

U.S. will be ‘more pro-crypto’ after this election, no matter who wins, says Ripple CEO Garlinghouse
Top Wall Street analysts are upbeat on these dividend stocks
The pros and cons for investors of nonstop trading as NYSE looks to go 22 hours a day
Cruise lines are having a moment as a popular — and cheaper — alternative to hotels
Alphabet Earnings: Waymo’s Growth Sets GOOGL Stock on Fire