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.

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.

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

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.

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

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.

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.