Check out the companies that made headlines after the bell: FedEx — Shares fell about 6% after fourth-quarter revenue narrowly beat Wall Street expectations. The company’s revenue was $25.01 billion, slightly above the $24.04 billion expected by analysts surveyed by LSEG. KB Home — According to LSEG, the home builder posted a 2% increase in fiscal second-quarter sales after posting $1.11 billion in revenue, beating analysts’ expectations of $1.1 billion. Meanwhile, KB Home’s earnings per share were 43 cents, below expectations of 45 cents. Cerebras — The semiconductor company fell 8% after releasing its first earnings report since going public in May. Cerebras reported a loss of 22 cents on first-quarter revenue of $193.4 million. The company also said it expects core gross margin to contract to 36-38% in the second quarter, compared to 46.5% in the first quarter. Nike — Shares rose 1% after the athleisure retailer announced that current chief financial officer Matthew Friend would be stepping down. His successor will be David Denton, effective August 17th. Mr. Denton joins from Pfizer Inc., where he currently serves as CFO. The company also said its fourth quarter and fiscal year 2026 results, to be released next Tuesday, will include benefits from tariff rebates, which were not accounted for in Nike’s previously provided guidance. Worthington Enterprises — The industrial manufacturer fell nearly 10% after reporting weaker-than-expected fourth-quarter results. Last quarter, Worthington posted adjusted earnings of 97 cents per share on revenue of $371.5 million. Analysts polled by FactSet had expected earnings of $1.06 per share and revenue of $386.5 million.
