After-hours buzz: KBH, WWE & more

January 12, 2017 - WWE

Check out that companies are creation headlines after a bell on Wednesday:

KB Home shares rose in late trade after a association posted gain above researcher estimates. KB Home pronounced it saw fourth-quarter gain per share of 40 cents on $1.19 billion in revenue. Wall Street had projected it would news gain of 39 cents a share on $1.15 billion in revenue, according to Thomson Reuters.

Shares of PulteGroup, another homebuilder, also ticked aloft in extended trade.

Shares of World Wrestling Entertainment gained in extended trade after Guggenheim Securities instituted coverage of a association with a “buy” rating and a $25 cost aim — that would indicate an upside of some-more than 30 percent from a stock’s Wednesday shutting cost of $18.99. The organisation pronounced that a WWE Network is not usually flourishing subscribers, though doing so during a rate that outpaces a firm’s Netflix subscriber expansion estimates by 2021.

Johnson and Johnson shares ticked aloft in after-hours trade following a Bloomberg news that a association and Actelion have reached a indeterminate agreement on a cost for an acquisition. The U.S. curative company’s talks to acquire a Switzerland-based Actelion are pronounced to concentration on a investigate and growth unit, a news said.

The iShares Nasdaq Biotechnology ETF (IBB) edged a hold aloft in after-hours trade, after descending scarcely 3 percent on vicious remarks during President-elect Donald Trump’s press conference.

— CNBC’s Evelyn Cheng contributed to this report.

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