Business

Rite Aid, RH, etc.

Pedestrians cross the street in front of the Rite Aid store in Oakland, California.

David Paule Maurice | Bloomberg | Getty Images

Check out the companies that make headlines after the bell on Wednesday:

KB Home – Homebuilder shares fell 3% after the company reported mixed first-quarter performance. KB home reported earnings per share of $ 1.02 for revenue of $ 1.14 billion. Analysts polled by Refinitiv expected earnings per share of 92 cents with revenue of $ 1.21 billion.

RH – Furniture retailers’ stock prices surged 8% after announcing better-than-expected fourth-quarter results. RH posted $ 5.07 in earnings per share for $ 815 million in revenue. Analysts surveyed by Refinitiv predicted revenue of $ 798 million and earnings per share of $ 4.76.

Rite Aid – Rite Aid’s share price plummeted 16% following news that the company cut EBITDA in fiscal year 2021. The company expects EBITDA to range from $ 425 million to $ 435 million for the full year. This is a reduction from the previous $ 490 million guidance to $ 520 million. Rite Aid added that same-store sales deteriorated in the previous quarter due to the weak flu season.

Rite Aid, RH, etc.

Source link Rite Aid, RH, etc.

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