Here are the stocks making notable moves in extended trading on Tuesday: KB Home — The homebuilder fell 6% after fiscal third-quarter earnings missed expectations. KB Home reported $2.04 in earnings per share, slightly below the $2.06 per share expected by analysts, according to LSEG. The company’s housing gross margin declined year over year. Rithm Capital — Shares of the asset manager fell 2% after Rithm announced a plan to sell 30 million shares. Rithm said it would use the proceeds from the equity sale for general corporate purposes. Progress Software — The tech stock rose more than 5% after fiscal third-quarter results topped expectations. Progress reported adjusted earnings of $1.26 per share on $178.7 million of revenue. Analysts surveyed by FactSet were looking for $1.14 in earnings per share on $176.2 million of revenue. Agilysys — Shares of the packaged software company rose 3.8% in thin trading. The company released an investor presentation that reiterated its guidance for the full year.
Subscribe to Updates
Get the latest tech, social media, politics, business, sports and many more news directly to your inbox.