REVENUE: Analysts polled by FactSet expect the Los Angeles company will report sales of $1.73 billion, up from $1.59 billion in the prior-year period. KB Home most recently guided for third-quarter revenue between $1.65 billion and $1.75 billion.

Q3 2024 Earnings Conference Call September 24, 2024 5:00 PM ETCompany ParticipantsJill Peters - SVP of IRJeffrey Mezger - Chairman

Shares of KB Home fell after the company posted a third-quarter profit that missed analyst expectations and lowered its housing gross profit margin outlook. The stock fell 6.3% to $81.86 in after-hours trading Tuesday. Shares ended the regular session down 0.9% to $87.43 but are up 40% since the beginning of the year.

KB Home (KBH) came out with quarterly earnings of $2.04 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.80 per share a year ago. These figures are adjusted for non-recurring items.

KB Home (KBH) revealed earnings for its third quarter that increased from last year but missed the Street estimates. The company's

KB Home raised its full-year revenue outlook after posting higher profit and revenue in its fiscal third quarter amid strengthening demand for houses and higher prices. The homebuilder on Tuesday posted a profit of $157.

The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of $2.04 per share. The homebuilder posted revenue of $1.75 billion in the period, topping Street forecasts.