Shares of media giant Disney rose hours after Mark Parker was announced as chairman. Parker has served as CEO of Nike and has been on the Disney board of directors for the past seven years. Nike’s share remained flat after hours.
Parker will succeed Susan Arnold, who will not run for re-election due to the 15-year term limit under Disney policy. He will assume the position of Chairman of the Board of Directors after the annual meeting of the company’s shareholders for the year 2023.
Parker’s appointment follows the recent return of Bob Iger to Disney as CEO.
KB major (KBH)
Shares of KB Home fell hours after the homebuilder’s fourth-quarter net orders fell short of estimates. Net orders in the fourth quarter were 692, down 80% year over year. Wall Street analysts expected 2013 net demand. The company’s earnings per share came in at $2.47 versus expectations of $2.86.
Revenue of $1.94 billion grew 16 percent year over year, coming in close to the $1.99 billion that analysts had expected.
Ennis is a Senior Business Correspondent at Yahoo Finance. Follow her on Twitter at @tweet
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