KB Home Earnings Beat Wall Street Forecast. The Stock Is Falling Because of Guidance.

Core Viewpoint - KB Home reported earnings that exceeded Wall Street forecasts, but the stock price is declining due to disappointing guidance for future performance [1] Financial Performance - The company achieved earnings per share (EPS) of $1.10, surpassing analysts' expectations of $1.01 [1] - Revenue for the quarter was reported at $1.4 billion, which is a 10% increase compared to the previous year [1] Guidance and Outlook - KB Home provided guidance for the upcoming quarter, projecting a decline in home sales, which has negatively impacted investor sentiment [1] - The company anticipates a decrease in new home orders, contributing to the stock's downward trend [1]