KBH Beats Revenue Estimates

KB Home (NYSE: KBH ) reported financial results for the second quarter after the market close on Tuesday. S. homebuilder’s report. KB Home shares are trending.

Why is KBH stock trading higher? 10 billion, The homebuilder reported second-quarter earnings of 43 cents per share, missing analyst estimates of 45 cents per share. KB Home delivered 2,395 homes in the quarter, down 23% on a year-over-year basis. 5% year-over-year to $461,900.

Net orders fell 4% year-over-year to 3,317. 73 billion. KB Home said it repurchased approximately $75 million of its common stock during the quarter. 82 million of total cash and cash equivalents.

“We produced solid second-quarter results that met or exceeded the mid-point of our key guidance ranges,” said Jeffrey Mezger, executive chairman of KB Home. 35 billion in housing revenue in the third quarter. 30 billion. m.

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