After-Hours Stock Movers:
Barnes & Noble Education (NYSE:BNED)31% 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 $397.1 million.
SVB Financial Group (NASDAQ:SIVB)19% 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)13% LOWER; reported Q4 EPS of ($0.17), $0.05 worse than the analyst estimate of ($0.12). Revenue for the quarter came in at $84.2 million versus the consensus estimate of $96.89 million. Allbirds, Inc. sees Q1 2023 revenue of $45-50 million, versus the consensus of $67.1 million. CFO Mike Bufano is leaving.
DocuSign Inc. (NASDAQ:DOCU)7% LOWER; reported Q4 EPS of $0.65, $0.13 better than the analyst estimate of $0.52. Revenue for the quarter came in at $659.6 million versus the consensus estimate of $639.26 million. DocuSign Inc. sees Q1 2024 revenue of $639-643 million, versus the consensus of $639.71 million. DocuSign Inc. sees FY2024 revenue of $2.695-2.707 million, versus the consensus of $2.69 million.
Gap, Inc. (NYSE:GPS)7% LOWER; reported Q4 EPS of ($0.75), $0.28 worse than the analyst estimate of ($0.47). Revenue for the quarter came in at $4.24 billion versus the consensus estimate of $4.36 billion. Comparable sales 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 $12.4 billion versus the consensus estimate of $12.43 billion.