Jules Financial Enterprise

2755 South Federal Highway Suite #4, Boynton Beach, FL 33435
Contact Person: Job J. Jules
P: 561-234-6700

: KB Home stock slips as revenue comes in below Street view

Economy, Finance

KB Home KBH shares declined in the extended session Wednesday after the home builder topped Wall Street estimates for earnings but not for revenue. KB Home shares declined 3.6% after hours, following a 0.1% rise in the regular session to close at $43.40. The company reported fiscal first-quarter net income of $97.5 million, or $1.02 a share, compared with $59.7 million, or 63 cents a share, in the year-ago period. Revenue rose to $1.14 billion from $1.08 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast 92 cents a share on revenue of $1.21 billion.

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