Several stocks experienced significant movement in after-hours trading on Tuesday. KB Home’s shares decreased by 6% after the company reported fiscal third-quarter earnings that did not meet expectations. The homebuilder announced earnings of $2.04 per share, slightly below the anticipated $2.06 per share as forecasted by analysts according to LSEG. The company’s housing gross margin also showed a decline compared to the previous year.
Rithm Capital observed a 2% drop in its share price following the announcement of its plan to sell 30 million shares. The asset manager stated that the proceeds from this equity sale would be allocated for general corporate purposes.
Conversely, Progress Software’s stock saw a notable increase, rising more than 5% after the company released its fiscal third-quarter results, which exceeded expectations. Progress Software reported adjusted earnings of $1.26 per share on $178.7 million in revenue, surpassing the $1.14 per share earnings and $176.2 million in revenue estimated by analysts surveyed by FactSet.
Agilysys also experienced a rise in its stock price, with shares climbing 3.8% during light trading. This increase followed the release of an investor presentation by the packaged software company, which reaffirmed its guidance for the full year.
