KB Home (KBH) Q1 Earnings & Revenues Beat, Margins Down

KB Home (KBH) reported better-than-expected results in first-quarter fiscal 2024 (ended Feb 29, 2024). Both earnings and revenues beat the Zacks Consensus Estimate and rose on a year-over-year basis.Shares of this leading homebuilder gained 1.1% in the after-market trading session on Mar 20.Looking forward to the second quarter and full-year 2024, KBH foresees enhanced conditions in the housing market and ongoing positive trends in the supply chain. Leveraging the advantages of its Built to Order model, whi ...