Stocks making the biggest moves after the bell: Rite Aid, RH & more

Market Insider

Pedestrians cross a street in front of a Rite Aid store in Oakland, California.
David Paul Morris | Bloomberg | Getty Images

Check out the companies making headlines after the bell on Wednesday:

KB Home – Shares of the homebuilding company slid 3% after the company reported mixed fiscal first-quarter results. KB home reported earnings per share of $1.02 on revenue of $1.14 billion. Analysts polled by Refinitiv expected earnings per share of 92 cents on revenue of $1.21 billion.

RH – The furniture retailer’s stock popped 8% after the company posted fourth-quarter results that topped analyst expectations. RH posted earnings per share of $5.07 on revenue of $813 million. Analysts surveyed by Refinitiv predicted earnings per share of $4.76 on revenue of $798 million.

Rite Aid – Rite Aid shares plunged 16% on the news that the company cut its fiscal 2021 EBITDA. The company expects full-year EBITDA to range between $425 million and $435 million. That’s down from a previous guidance of $490 million to $520 million. Rite Aid added that a weak flu season hurt its same-store sales for the previous quarter.

Articles You May Like

Why Ross Stores Surged Today
BTC098: Proof of Stake (PoS) Versus Proof of Work (PoW) w/ Jason Lowery
273 TIP. Billionaire Jim Simons’ Quant Revolution with Gregory Zuckerman
Polaris Industries (PII) and BlackRock Capital Investments (BKCC): Today’s Bull & Bear
4 Iron Condor Setups for Option Traders (Skewed, Unbalanced, Wide, and Iron Butterfly) Ep 194