KB Home shares are trading lower following Q3 earnings. While EPS and revenues beat estimates, the company said net orders were flat with last year and it saw softening in late June through July.
Portfolio Pulse from Benzinga Newsdesk
KB Home shares declined after Q3 earnings despite beating EPS and revenue estimates. The company reported flat net orders compared to last year and noted a softening in demand from late June through July.
September 25, 2024 | 12:19 pm
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KB Home's stock is trading lower after Q3 earnings. Although EPS and revenues exceeded expectations, flat net orders and a noted demand softening from late June to July are concerning.
The decline in KB Home's stock price is attributed to concerns over flat net orders and a softening in demand, despite the company beating EPS and revenue estimates. This suggests potential challenges in sustaining growth, impacting investor sentiment negatively.
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