KB Home (KBH) Q3 Earnings Report: Profit and Revenue Beat Estimates
Tuesday, 24 September 2024, 20:14
Impressive Q3 Results for KB Home (KBH)
KB Home (NYSE: KBH) has announced its financial results for the third quarter of 2024. The company reported a net income of $157.3 million, equating to $2.04 per share—up from $149.9 million or $1.80 per share in Q3 2023. This increase demonstrates KBH's solid performance despite missing some estimates.
Revenue Growth and Market Response
Q3 revenues reached $1.75 billion, reflecting a year-over-year growth of 10%. This growth is largely attributed to the success of the core Homebuilding segment, which has exceeded market analysts' forecasts.
Analyzing KBH’s Future Forecast
- KBH stock price today indicates continued investor interest.
- Analysts predict positive trends in KB Home stock analysis moving forward.
- KB Home news today remains optimistic following earnings results.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.