Stocks making the biggest moves after hours: FedEx, Cerebras, KB Home & more

Check out the companies making headlines after the bell : FedEx — Shares shed about 6% after revenue in the fourth quarter narrowly beat Wall Street’s expectations. The company posted revenue of $25.01 billion, slightly higher than the $24.04 billion analysts polled by LSEG had sought. KB Home — The homebuilder added 2% after posting a fiscal second-quarter revenue of $1.11 billion, beating the $1.10 billion analysts had penciled in, per LSEG. On the other hand, KB Home’s earnings of 43 cents per share came under the estimated 45 cents. Cerebras — The semiconductor company dropped 8% after posting its first earnings report since going public in May. Cerebras reported a first-quarter loss of 22 cents on revenues of $193.4 million. The company also said core gross margin is expected to shrink to between 36% and 38% in the second quarter, compared to 46.5% in the first. Nike — Shares gained 1% after the athleisure retailer announced that current chief financial officer Matthew Friend will step down . He will be replaced by David Denton, effective Aug. 17. Denton will join the company from Pfizer, where he serves as current CFO. The company also said that its fourth-quarter and fiscal year 2026 results, which will be released next Tuesday, will include a benefit from tariff refunds not contemplated in Nike’s previously provided guidance. Worthington Enterprises — The industrial manufacturer tumbled almost 10% after reporting a fiscal fourth-quarter results that missed expectations. In its last quarter, Worthington posted adjusted earnings of 97 cents per share on revenue of $371.5 million. Analysts surveyed by FactSet were expecting earnings of $1.06 per share and $386.5 million in revenue.