Check out the companies that appear in the headlines in out-of-hours business transactions.
Urban Outfitters: Retailer shares fell 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 leave later this month.
KB Home: Builder shares gained more than 2% after the company’s fourth-quarter results exceeded expectations. KB Home earned $ 1.12 per share during the period with revenue of $ 1.19 billion. Analysts expected the company to earn 93 cents per share with $ 1.14 billion in revenue, according to estimates compiled by Refinitiv.
Repay Holdings: The shares of the financial technology company fell more than 5% after Repay announced a new share offer. The company said it wanted to raise $ 130 million through the new stock offering.
Ally Financial: The financial services company’s shares gained more than 3% after the company announced a $ 1.6 billion share repurchase program. The company will begin buying shares during the current quarter.
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