Check out the companies that are making headlines in after-hours trading.
Urban Outfitters – Shares of the retailer were down more than 11% after Urban Outfitters said net sales for the two months ended December 31 were down 8.4% year-on-year. The company also announced that CEO Trish Donnelly will be leaving at the end of the month.
KB Home – Shares of the homebuilder rose more than 2% after the company’s fourth-quarter results beat expectations. KB Home earned $ 1.12 per share on sales of $ 1.19 billion for the period. Analysts expected the company to earn 93 cents a share on sales of $ 1.14 billion, according to Refinitiv estimates.
Redemptions – Shares of the financial tech company fell more than 5% after Repay announced a new stock offering. The company said it was seeking $ 130 million through the new stock offering.
Ally Financial – Shares of the financial services company rallied more than 3% after the company announced a $ 1.6 billion share buyback program. The company will begin to buy back shares in the current quarter.
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