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 hit the headlines on Wednesday after the bell:
KB Home – The housing company’s shares were down 3% after the company reported mixed results for the first quarter of the fiscal year. KB home reported earnings per share of $ 1.02 on sales of $ 1.14 billion. Analysts polled by Refinitiv expected earnings per share of 92 cents on sales of 1.21 billion US dollars.
RH – The furniture retailer’s inventory increased 8% after the company released Fourth quarter results that exceeded analysts’ expectations. RH had earnings per share of $ 5.07 on sales of $ 813 million. Analysts polled by Refinitiv forecast earnings per share of $ 4.76 on sales of $ 798 million.
Rite aid – Rite Aid shares fell 16% when it was announced the company had cut its EBITDA for fiscal 2021. The company expects full-year EBITDA between $ 425 million and $ 435 million. This is a decrease from a previous forecast of $ 490 million to $ 520 million. Rite Aid added that a weak flu season hurt sales in the same store in the previous quarter.