Stocks move big after hours: GTLB, UAL, FRC

Check out the companies making headlines after hours.

Gitlab — Shares fell 36% after Gitlab issued a softer-than-expected outlook. It issued fiscal 2024 revenue guidance of $529 million to $533 million in 2023, compared with expectations of $586.4 million, according to Refinitiv. Otherwise, the company reported a beat on the top and bottom lines in its fourth-quarter earnings per share. Refinitive.

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

First Republic Bank — Bank stock rose 10% in extended trading, after falling 61.8% in the regular trading session on Monday. The fear of contagion risk from Silicon Valley Bank weighed on the stock.

KeyCorp — Shares jumped 6% in after-hours trading Monday after falling more than 27% during the regular trading session. Regional banks were hit after the collapse of Silicon Valley Bank raised fears of contagion, despite a plan to stop depositors from regulators.