After-Hours Stock Movers:
Rent the Runway (RENT) 7% LOWER; reported Q4 EPS of ($0.40), $0.11 better than the analyst estimate of ($0.51). Revenue for the quarter came in at $75.4 million versus the consensus estimate of $73.56M. Rent the Runway sees Q1 2023 revenue of $72-74M, versus the consensus of $76.642M. Rent the Runway sees FY2023 revenue of $320-330M, versus the consensus of $346M.
Harley-Davidson (NYSE:HOG) 3% LOWER; Gina Goetter will step down as Chief Financial Officer at the end of April 2023 to accept an opportunity outside the Company.
Alibaba (NYSE:BABA) 2% LOWER; SoftBank to sell nearly all its stake in Alibaba - FT
SunPower (NASDAQ:SPWR) 1% HIGHER; secured financing commitments of more than $450M for its residential solar and storage loan program from Hannon Armstrong Sustainable Infrastructure Capital Inc (NYSE:HASI), a leading investor in climate solutions, and from Credit Agricole (OTC:CRARY).