Thursday, October 3, 2024

After-hours movers: KB Home, Coinbase and More

Must read

After-hours movers: KB Home, Coinbase and More © Reuters. After-hours movers: KB Home, Coinbase and More

After-Hours Stock Movers:

KB Home (NYSE:) declined 2% after reporting results for the fourth quarter. EPS and revenue beat consensus but guidance failed to impress investors.

Coinbase (NASDAQ:) declined 3% and Marathon Digital (NASDAQ:) declined 5% despite an official SEC statement saying that it has approved 11 spot bitcoin exchange-traded funds, including those of Grayscale, Bitwise and Hashdex. The approval was widely expected.

Richardson Electronics (RELL) declined 9% after it reported second quarter EPS of ($0.13), $0.14 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $44.13 million versus the consensus estimate of $52 million.

DocGo Inc. (DCGO) gained 5% after it rejected Fuzzy Panda Research, a short seller it said is motivated solely by profit. The Company’s revenue for fiscal year 2023 is expected to be between $615 million and $625 million, in line with the Company’s previously released guidance. DocGo further expects revenue in 2024 to exceed $700 million.

Leonardo DRS, Inc. (DRS) climbed 1.7% after it was awarded contracts valued at over $3 billion, when fully funded, to provide integrated electric propulsion system products for the U.S. Navy’s Columbia-class submarines.

Praxis Precision Medicines, Inc. (PRAX) declined 6.5% after reporting a proposed public offering of its common stock and, in lieu of common stock to certain investors, prefunded warrants to purchase shares of common stock.

By Louis Juricic

More articles

Latest article