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KB Home (NYSE:KBH) shares dropped in Tuesday’s extended trading after the company released its first-quarter earnings report, missing analyst expectations on the top and bottom lines.
- KBH stock is moving. Watch the price action here.
Q1 Details
KB Home reported quarterly earnings of 52 cents per share, which missed the analyst consensus estimate of 58 cents.
Quarterly revenue came in at $1.08 billion, which missed the Street estimate of $1.1 billion and was down from $1.39 billion in the same period last year.
KB Home listed the following metrics, compared to the same quarter last year:
- Revenues were down 23% to …
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