Homebuilder KB Residence (NYSE: KBH) on Tuesday introduced monetary outcomes for the third quarter of 2024, reporting a rise in web earnings and revenues. The highest line additionally exceeded analysts’ forecasts.
Third-quarter web earnings elevated to $157.3 million or $2.04 per share from $149.9 million or $1.80 per share within the comparable interval of 2023 however missed estimates.
At $1.75 billion, Q3 revenues had been up 10% year-over-year. The highest line benefited from a powerful efficiency by the core Homebuilding phase. Market watchers had been in search of slower top-line progress.