Homebuilder KB Home (KBH) reported revenue and profits that missed estimates in the fourth quarter as its net orders plunged and the value of its backlog fell 25% against the same quarter last year.
The Los Angeles-based homebuilder posted quarterly results that missed Wall Street expectations, with earnings per share coming at $2.47 against $2.86 expected by Bloomberg consensus.
Revenue in the quarter totaled $1.94 billion in Q4, less than the $1.98 billion expected by analysts compiled by…
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