Shares making the largest strikes after hours: City Outfitters, KB Residence, Repay Holdings & extra
Check out the companies making headlines in after hours trading.
Urban Outfitters — Shares of the retailer slid more than 11% after Urban Outfitters said net sales for the two months ended Dec. 31 fell 8.4% year over year. The company also announced that CEO Trish Donnelly will depart at the end of the month.
KB Home — Shares of the homebuilder gained more than 2% after the company’s fourth quarter results topped expectations. KB Home earned $1.12 per share during the period on revenue of $1.19 billion. Analysts were expecting the company to earn 93 cents per share on $1.14 billion in revenue, according to estimates compiled by Refinitiv.
Repay Holdings — Shares of the financial technology company declined more than 5% after Repay announced a new share offering. The company said it was looking to raise $130 million through the new stock offering.
Ally Financial — Shares of the financial services company gained more than 3% after the company announced a $1.6 billion share repurchase program. The company will begin buying back stock during the current quarter.
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