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 in the residential construction company fell 3% after the company released mixed fiscal results in the first quarter. KB home reported earnings per share of $ 1.02 over earnings of $ 1.14 billion. Analysts polled by Refinitiv had expected 92 cents earnings per share on $ 1.21 billion in revenue.
HR – The shares of the furniture retailer skyrocketed 8% after the company released fourth quarter results that exceeded analysts’ expectations. RH posted earnings per share of $ 5.07 on earnings of $ 813 million. Analysts polled by Refinitiv predicted earnings per share of $ 4.76 on revenue of $ 798 million.
Rite Aid – Rite Aid’s shares plunged 16% with news that the company cut its 2021 fiscal EBITDA. The company expects EBITDA for the whole year to be between $ 425 million and $ 435 million. This fell from an earlier projection of $ 490 million to $ 520 million. Rite Aid added that a weak flu season hurt same-store sales in the previous quarter.