KB Home (KBH) posted mixed fiscal third quarter results. The homebuilder reported earnings of $2.04 per share, which was short of the Bloomberg consensus estimate of $2.06. Revenue was $1.75 billion, just beating Wall Street’s estimate of $1.73 billion. Deliveries were better than expected, 3,631 versus the estimate of 3,569. KB Home also raised its full year housing revenue to a range of $6.85 billion to $6.95 billion. It had been $6.7 billion to $6.9 billion.
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This post was written by Stephanie Mikulich.
Read More: KB Home stock slides on earnings miss
