© Reuters. After-hours movers: KB Home falls following EPS, Walt Disney gains on new board chair
After-Hours Movers:
LightPath Technologies Inc (NASDAQ:) 19% LOWER; intends to offer and sell shares of its common stock in a public offering. All of the securities to be sold in the offering are to be offered by LightPath.
KB Home (NYSE:) 3% LOWER; reported Q4 EPS of $2.47, $0.40 worse than the analyst estimate of $2.87. came in at $1.94 billion versus the consensus estimate of $1.98 billion.
KE Holdings Inc (NYSE:) 2% HIGHER; JPMorgan upgraded from Neutral to Overweight with a price target of $21.00 (from $17.00).
The Walt Disney Company (NYSE:) 1% HIGHER; Board of Directors announced that it has elected independent director Mark G. Parker as Chairman of the Board, effective following the Annual Meeting of Shareholders. Mr. Parker, a seven-year member of the Disney Board and Executive Chairman of NIKE, Inc., will succeed Susan E. Arnold, who will not stand for re-election pursuant to the 15-year term limit under Disney’s Board Tenure Policy. As a result, the size of the Board will be reduced to 11 members.
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