KB Home (NYSE:KBH) reported third-quarter financial results after the market close on Wednesday. Here’s a look at the key metrics from the report.
Q3 Highlights: KB Home reported third-quarter revenue of $1.62 billion, beating analyst estimates of $1.59 billion, according to Benzinga Pro. The U.S Homebuilder reported third-quarter earnings of $1.61 per share, beating analyst estimates of $1.50 per share.
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KB Home delivered 3,393 homes in the quarter, down 7% on a year-over-year basis. The average selling price was “down slightly” to $475,700, while net orders declined 4% year-over-year to 2,950. Ending backlog value was $1.99 …