KB Home Beats Earnings Estimates in Q3, Reports Strong Revenue Growth

KB Home, a leading U.S. homebuilder, exceeded analyst expectations in the third quarter, reporting strong revenue and earnings growth. The company saw a rebound in demand for its affordably priced homes in August after a dip in June and July, driven by concerns over elevated mortgage rates and the overall economy. KB Home also repurchased $150 million of its own stock during the quarter, indicating confidence in its future prospects.

KB Home (KBH) Poised for Q3 Beat: What to Expect

KB Home is set to report its third-quarter fiscal 2024 results on Sept. 24, with analysts anticipating continued growth despite industry challenges. The company’s strong demand for built-to-order homes, strategic pricing, and focus on affordability position it well, though rising costs and market uncertainty remain factors to watch.

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