A homebuilder stock fell after its latest earnings report came in below expectations.
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.
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