Stocks move a lot after hours: GTLB, UAL, FRC


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Find out which businesses are making headlines after hours.

Gitlab — Stocks fell 36% after Gitlab issued a weaker-than-expected outlook. It posted fiscal 2024 revenue guidance of $529 million to $533 million in 2023, versus expectations of $586.4 million, according to Refinitiv. Otherwise, the company reported a beat on the top and bottom lines in its fourth-quarter results, per Refinitiv.

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United Airlines – Shares fell 6.5% after United Airlines issued a profit warning for its first quarter. The airline guided for the first quarter adjusted loss between $1.00 and 60 cents per share, according to an 8-K filing with the Securities and Exchange Commission. That compares to earlier earnings guidance of 50 cents to $1.00 per share. It is also below consensus expectations of 65 cents per share, according to FactSet.

Bank of the First Republic – Banking stock jumped 10% in extended trading, after plunging 61.8% in Monday’s regular trading session. Fears of a contagion risk from Silicon Valley Bank weighed on the stock.

Key Corp – The stock jumped 6% after hours trading on Monday after falling more than 27% in the regular trading session. Regional banks have been battered after the collapse of Silicon Valley Bank raised fears of a risk of contagion, despite a plan to support depositors by regulators.

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