KB Home's Q3 Earnings Meet, Stock Down on Lower FY24 Margins View
KB Home(KBH) ZACKS·2024-09-26 00:36
KB Home (KBH) reported mixed results for third-quarter fiscal 2024 (ended Aug. 31, 2024). Its earnings met the Zacks Consensus Estimate, while revenues beat the same. On a year-over-year basis, both metrics increased.Shares of this leading homebuilder dipped 6% in the after-market trading session on Tuesday. Investors’ sentiments might have been hurt by tepid gross and operating margins in the fiscal third quarter, as well as lowered expectations for the same.The company noted that it experienced variabilit ...