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Check out the companies making headlines after the bell.
Over — Shares of the ride-sharing platform rose 2.5% after Bloomberg reported that the company is considering a possible spin-off of its freight logistics unit.
related investment news
Silvergate Capital — Shares fell 36% after the company announced it would cease operations and liquidate Silvergate Bank. The news comes about a week after the bank warned it might not be able to continue operations, and follows a series of financial challenges and regulatory investigations following the collapse of FTX, a customer of the bank.
MongoDB — Shares of the database platform provider fell 8% after the bell. MongoDB offered a weak guidance for revenue but took hits to revenue and earnings in the fourth quarter.
SVB Finance — Shares of the financial services company fell 6% after SVB Financial announced it intends to offer $1.25 billion of common stock and $500 million of depositary stock.
credit depot — Shares of the mortgage lender fell 2.6% after its fourth-quarter earnings report missed analysts’ expectations. The company reported a loss of 46 cents per share on revenue of $169.7 million. Analysts polled by FactSet had estimated a profit loss of 27 cents per share and revenue of $190.9 million.
Fossil — Shares of the fashion accessories company rose 2%. Despite Fossil reporting a 17% fall in fourth-quarter sales, shares rose after CEO Kosta Kartsotis announced the company’s commitment to improving its financial position through its transform-and-grow strategy.
— CNBC’s Darla Mercado and Tanaya Macheel contributed coverage
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2023-03-08 22:11:07
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