KB Homes shares jumped after better-than-expected quarterly earnings. The builder posted earnings of 14 cents per share on sales of $678 million, above the 11 cents per share on $634 million expected by Wall Street.
The built-to-order home company, which operates in states like Colorado, Texas, Nevada and Arizona, posted earnings after the Census Bureau said the West was the only region to cause new home sales to surge in February.
Industrial equipment company Terex's stock rose after announcing it would move forward in merger negotiations with Chinese competitor Zoomlion. If the deal moves forward, Zoomlion would acquire Terex for $31 per share, the company statement said.
Deepwater oil exploration company Cobalt International Energy shares dropped after the bell. U.S. oil prices were below $40 per barrel Wednesday after six straight weeks of record high inventories, Reuters reported.