KB Home (NYSE: KBH) reported mixed results for the second quarter of 2020. The homebuilder’s earnings stood at $0.55 per share compared to the market’s estimates of $0.49 per share. Revenue of $914 million missed the analysts’ target of $1.07 billion, hurt by COVID-19.
Homes delivered decreased to 2,499 in the recently ended quarter compared to 2,768 in the prior-year quarter. The average selling price was $364,100, compared to $367,700 in the year-ago quarter.
KBH stock, which advanced 71% in the past three months, declined about 5% in the after-market session.
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