With US stock futures trading mixed this Wednesday morning, some of the stocks that may draw investor focus today are as follows:
- Wall Street expects KB Home KBH Quarterly earnings of $2.87 per share on after-market sales of $1.98 billion. Shares of KB Home are up 0.2% in after-hours trading to $34.92.
- Bed Bath & Beyond Inc BBBY Shares surged higher in Tuesday’s after-hours session after gaining more than 27% during regular market hours. According to a Wall Street Journal report, citing people familiar with the matter, Bed Bath & Beyond has hired consulting firm AlixPartners as its new restructuring advisor. The company reported an adjusted quarterly net loss of $3.65 per share, which missed estimates for a loss of $2.11 per share. Bed Bath & Beyond shares are up 17.4% to $2.4302 in the after-hours trading session.
- Integra LifeSciences Holdings Corporation IART said it sees Q4 earnings of $397-$398 million versus analyst estimates of $397.5 million. The company expects FY22 revenue of $1.557 billion to $1.558 billion. Integra LifeSciences shares were up 0.2% in after-hours trading to $57.75.
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- Myomo, Inc. MYO announced a 12% workforce reduction and expects to save more than $2 million annually from downsizing. Myomo shares fell 3.5% to $0.5019 in the after-hours trading session.
- Franchise Group, Inc. BRD is considering privatization via a management buyout, according to a Wall Street Journal report, citing people with knowledge of the matter. Separately, the company is also considering a potential deal to acquire furniture chain Conn’s. Franchise Group shares were up 0.2% in after-hours trading to $30.20.
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