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KB Home
KBH reported a rise in its third-quarter net income.
KB Home's quarterly net profit surged to $27.3 million, or $0.30 per share, from $3.3 million, or $0.04 per share, in the year-ago period.
Its sales climbed 29% to $549 million. However, analysts were expecting earnings of $0.22 per share on revenue of $567 million.
KB Home's overall average selling price climbed 22% y/y to $299,100.
KB Home shares declined 0.82% to $16.89 in pre-market trading.
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