Pedestrians cross a street in front of a Rite Aid store in Oakland, California.
David Paul Morris | Bloomberg | Getty Images
Check out the companies that make headlines after the bell on Wednesday:
KB Home – The shares of the house construction company fell by 3% after the company reported mixed tax results in the first quarter. KB home reported earnings per share of $ 1.02 for revenue of $ 1.14 billion. Analysts surveyed by Refinitiv expected earnings per share of 92 cents on revenue of $ 1.21 billion.
RH – The shares of the furniture retailer increased by 8% after the company published results in the fourth quarter that exceeded analysts’ expectations. RH recorded 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 fell 16% on the news that the company has reduced its EBITDA since fiscal year 2021. The company expects year-round EBITDA to range from $ 425 million to $ 435 million. This dropped from a previous guide of $ 490 million to $ 520 million. Rite Aid added that a weak flu season affected sales at the same store in the previous quarter.