Showing posts with label three months. Show all posts
Showing posts with label three months. Show all posts

Thursday, January 7, 2016

KB Home Profit Misses Expectations Despite Revenue Jump

Home builder KB Home missed expectations for its most recent quarter following softer-than-expected deliveries and inventory-impairment and contract-abandonment charges, though sales continued to reflect a recovering housing market.


Shares slid 9.7% in early trading. Including that drop, the stock is down 27% over the past three months.


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