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.
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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 …