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 fell 3% after the company reported mixed fiscal results for the first quarter. KB Home reported earnings per share of $ 1.02 on revenues of $ 1.14 billion. Analysts polled by Refinitiv expected earnings per share of 92 cents on revenue of $ 1.21 billion.
RH – Furniture dealer’s inventory fell 8% after the company released fourth-quarter results that exceeded analysts’ expectations. RH posted earnings per share of $ 5.07 on revenues of $ 813 million. Analysts polled by Refinitiv predicted earnings per share of $ 4.76 on revenue of $ 798 million.
Rite Aid – Shares of Rite Aid fell 16% on the news that the company was cutting its EBITDA for the 2021 fiscal year. The company expects full year EBITDA to be between $ 425 million and $ 435 million. That’s down from a previous guideline from $ 490 million to $ 520 million. Rite Aid added that a weak flu season hurt same-store sales in the previous quarter.