Stocks making the biggest moves after the bell: Redfin, Cadence Design Systems and more
Check out the companies making headlines in extended trading. Redfin — Shares jumped 12%. Redfin announced that funds managed by Apollo Capital and affiliates have agreed to commit as much as $250 million in financing to the real estate brokerage through a loan, according to a filing with the U.S. Securities and Exchange Commission. The deal extends Redfin’s debt maturities into 2028. TrueBlue — The workforce solutions provider tumbled 12% following a weak third-quarter report. TrueBlue missed consensus forecasts of analysts polled by FactSet for earnings and revenue. Fourth-quarter revenue guidance was also soft, as the company called for $450 million to $475 million, while analysts anticipated $501 million. Hexcel — The industrial stock lost nearly 10% after missing FactSet consensus estimates on both lines for the third quarter. The company reaffirmed full-year guidance, calling for adjusted earnings of $1.80 to $1.94 per share, while Wall Street anticipated $1.94 per share. KKR Real Estate Finance Trust — The real estate trust added 3.5% after distributable earnings per share smashed expectations in the third quarter. KKR Real Estate Finance Trust posted 25 cents per share in distributable earnings, while analysts surveyed by FactSet expected 4 cents per share. Agilysys — The hospitality technology provider climbed 9%. Agilysys posted earnings of 25 cents per share, excluding items, in the fiscal second quarter. That’s up from 24 cents per share a year ago. The company also raised its full-year guidance for revenue, anticipating revenue between $235 million and $238 million. An earlier forecast called for $230 million to $235 million in revenue. Cadence Design Systems — The electronic system designer lost about 4% after delivering weak guidance for current quarter earnings per share. The company said to expect between $1.30 and $1.36 per share, excluding items in the quarter, while analysts polled by FactSet anticipated $1.37 per share. This post has been syndicated from a third-party source. View the original article here.
