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Take a look at up on the companies making headlines after hours.
GitLab — Shares tumbled 36% after GitLab issued a softer-than-expected outlook. It posted fiscal-year 2024 revenue guidance of $529 million to $533 million in 2023, in comparison with expectations of $586.4 million, in accordance with Refinitiv. Otherwise, the company reported a beat on the pinnacle and bottom lines in its fourth quarter results, per Refinitiv.
United Airways — Shares fell 6.5% after United Airways posted a revenue warning for its first quarter. The airline firm guided for first-quarter adjusted loss between $1.00 and 60 cents per allotment, in accordance with an 8-K filing with the Securities and Trade Price. That is in comparison with prior guidance of earnings of 50 cents to $1.00 per allotment. It is moreover lower than consensus expectations of 65 cents per allotment, in accordance with FactSet.
First Republic Bank — The bank stock popped 10% in extended shopping and selling, after plunging 61.8% all the device in which thru the smartly-liked shopping and selling session on Monday. Fears of contagion threat from Silicon Valley Bank weighed on the stock.
KeyCorp — The stock jumped 6% in after hours shopping and selling Monday after falling better than 27% all the device in which thru the smartly-liked shopping and selling session. Regional banks were pummeled after the crumple of Silicon Valley Bank raised fears of contagion threat, no matter a opinion to backstop depositors from regulators.