Pot Profiteer

Stocks making the biggest moves after the bell: Rite Aid, RH & more

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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 slid 3% after the company reported mixed fiscal first-quarter results. KB home reported earnings per share of $1.02 on revenue of $1.14 billion. Analysts polled by Refinitiv expected earnings per share of 92 cents on revenue of $1.21 billion.

RH – The furniture retailer’s stock popped 8% after the company posted fourth-quarter results that topped analyst expectations. RH posted 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 plunged 16% on the news that the company cut its fiscal 2021 EBITDA. The company expects full-year EBITDA to range between $425 million and $435 million. That’s down from a previous guidance of $490 million to $520 million. Rite Aid added that a weak flu season hurt its same-store sales for the previous quarter.

This article was originally published by Cnbc.com. Read the original article here.

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