Big stock movement 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 announced revenue guidance for fiscal year 2024 of $529 million to $533 million in 2023, compared to a forecast of $586.4 million, according to Refinitiv. Other than that, the company reported a beat in fourth-quarter results last quarter, Refinitiv reports.

United Airlines – Shares fell 6.5% after United Airlines posted a first-quarter earnings warning. The airline was guided by an adjusted first-quarter loss of between $1.00 and 60 cents a share, according to an 8-K filing with the Securities and Exchange Commission. This compared to previous guidance for the dividend of 50 cents to $1.00 a share. It’s also below the consensus forecast of 65 cents a share, according to FactSet.

First Republic Bank – The bank’s stock rose 10% in extended trading, after dropping 61.8% during Monday’s regular trading session. Concerns about contagion risks from Silicon Valley Bank weighed on stocks.

KeyCorp The stock jumped 6% in after-hours trading Monday after falling more than 27% during the regular trading session. Regional banks have been hit hard after the collapse of a Silicon Valley bank raised fears of contagion risks, despite a plan to support depositors from regulators.