Investing.com - KB Home reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
KB Home announced earnings per share of $1.47 on revenue of $1.4B. Analysts polled by Investing.com anticipated EPS of $1.54 on revenue of $1.5B.
KB Home shares are down 19.45% from the beginning of the year and are trading at $36.03 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
KB Home follows other major Consumer Discretionary sector earnings this month
KB Home's report follows an earnings beat by Home Depot on February 22, who reported EPS of $3.21 on revenue of $35.72B, compared to forecasts EPS of $3.18 on revenue of $34.88B.
Alibaba ADR had beat expectations on February 24 with third quarter EPS of $16.87 on revenue of $242.58B, compared to forecast for EPS of $15.93 on revenue of $246.3B.
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