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00:02KB Home reported first quarter earnings of $0.52 per share on $1.08 billion in revenue,
00:09missing analyst estimates of $0.58 per share and $1.1 billion, according to Benzinga.
00:15Revenue declined from $1.39 billion in the same period last year.
00:19The company said it generated year-over-year net order growth
00:22and reached its targeted mix of built-to-order net orders.
00:25KB Home expects second quarter deliveries of 2,250 to 2,450 homes
00:32and housing revenue of $1.05 billion to $1.15 billion.
00:38Full-year 2026 deliveries are projected at 10,000 to 11,500 homes
00:43with revenue of $4.80 billion to $5.50 billion.
00:48Analysts maintain their ratings on KB Home while lowering price targets,
00:52which now range from $50 to $63.
00:56Shares fell by 1.55% at $52.12 at Wednesday's close,
01:02according to data from Benzinga Pro.
01:04For all things money, visit Benzinga.com.
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