KB Home Stock Slips as Housing Market Weakens
KB Home NYSE:KBH shares fell 2.96% in premarket trading after the homebuilder reported fiscal third-quarter revenue down 20% year-over-year to $1.30 billion, with diluted earnings per share of $1.05, down from $1.61 a year earlier. Homes delivered fell 19% to 2,732, and the housing gross profit mar…