Stocks making the biggest moves after the bell: Redfin, Cadence Design Systems and more

by | Oct 23, 2023 | Financial

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 q …

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