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KBH News Highlights
- For KBH, its 30 day story count is now at 25.
- Over the past 8 days, the trend for KBH's stories per day has been choppy and unclear. It has oscillated between 1 and 17.
- The most mentioned tickers in articles about KBH are KB, JILL and AMP.
Latest KBH News From Around the Web
Below are the latest news stories about KB HOME that investors may wish to consider to help them evaluate KBH as an investment opportunity.
KB Home (KBH)
Q3 2023 Earnings Call Transcript
September 20, 2023, 05:00 PM ET
Jill Peters - SVP, IR
Jeff Mezger - Chairman, President and CEO
Rob McGibney - EVP and COO
Jeff Kaminski - EVP and CFO
Conference Call Participants
Matthew Bouley - Barclays
Stephen Kim - Evercore
Alan Ratner - Zelman & Associates
John Lovallo - UBS
Michael Rehaut - J.P. Morgan
Truman Patterson - Wolfe Research
Buck Horne - Raymond James
Joe Ahlersmeyer - Deutsche Bank
Jay McCanless - Wedbush Securities
Good afternoon. My name is John, and I will be your conference operator t...
Investors weren't happy with what the Federal Reserve did on Wednesday, and even after share prices gave up ground in the last couple of hours in the previous trading session, market participants were even more prone to be sour on stocks on Thursday. Declines for the Nasdaq Composite (NASDAQINDEX: ^IXIC) approached 2%, while both the Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) were down more than 1% on the day. With the market suffering from a bad attitude, even companies that gave their investors some good news didn't necessarily see their share prices rise Thursday.
These Stocks Are Moving the Most Today: Splunk, Cisco, Charles River, FedEx, D.R. Horton, KB Home, Klaviyo, and More
Cisco will buy Splunk in deal valued at $28 billion, FedEx reports better-than-expected fiscal first-quarter earnings, and Klaviyo shares gain after the stock rose 9% in its trading debut.
BlackRock-backed KB Home reported better-than-expected third-quarter earnings and revenue late Wednesday, as the Federal Reserve's rate-hike outlook threw a dour shadow over the housing market. Homebuilder stocks rallied aggressively through the first half of the year, as rising interest rates slowed sales of existing houses, driving up demand and prices for newly built homes. KB Home stock has surged around 50% in 2023.
The stock market struggled to dig out of a hole as investors mull over the Fed's comments and today's economic news. Valero Energy stock outperformed on a weak market day.
Despite topping its third-quarter earnings estimates, KB Home (KBH) reported a drop in homes delivered. The homebuilder is raising its full-year outlook in an attempt to push through new home market headwinds. Raymond James Analyst Buck Horne shares why he still has an "Outperform" rating on KB Home amid elevated mortgage rates and affordability concerns affecting U.S. housing starts. "We find KB Home now trading through its tangible book value despite consistent profitability, a fantastic balance sheet, and looks like, you know, consistent growth and stable margins going into 2024," Horne says. "So, it's already through its historical cyclical lows at these valuation levels." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Stocks are trading lower the morning after the Federal Reserve’s decision to hold rates steady at its September meeting. KB Home (KBH) shares dip in the early trading session despite the company’s third-quarter earnings beating estimates and raising its full-year outlook. Marvell Technology (MRVL) shares are trading slightly higher amid reports that the company could replace Broadcom (AVGO) as Google’s (GOOG, GOOGL) key AI chip supplier. CrowdStrike (CRWD) shares are trading in the green after the company announced it is raising its subscription gross margins target while increasing its operating margin target. Yahoo Finance’s Brad Smith and Seana Smith take a look at some of the trending stocks of the day. For more expert insight and the latest market action, click here to watch this ...
Cisco will buy Splunk in deal valued at $28 billion, FedEx reports better-than-expected fiscal first-quarter earnings, and Klaviyo shares extend gains after the stock rose 9% in its trading debut.Read ...
Q3 2023 KB Home Earnings Call
Investing.com -- U.S. stocks were falling after the Federal Reserve’s hawkish stance in the wake of its latest policy-setting meeting raised concerns about further rate hikes hitting economic activity.