Categories AlphaGraphs, Earnings, Other Industries

Earnings: KB Home (KBH) Q3 2023 earnings and revenue decline

Homebuilder KB Home (NYSE: KBH) on Thursday announced results for the third quarter of 2023, reporting a double-digit decline in revenues and net profit.

KB Home Q3 2023 earnings infographic

The company’s net income declined to $149.9 million or $1.80 per share in the third quarter from $255.3 million or $2.86 per share in the comparable period of 2022.

At $1.59 billion, revenues were down 14% year-over-year. The top line was negatively impacted by a decrease in revenue in the core Homebuilding segment.

“While our year-over-year comparisons reflect the record results we achieved in the prior-year quarter, we
expect this quarter’s solid performance to contribute to a more profitable 2023 fiscal year than we had previously anticipated,” said Jeffrey Mezger, chief executive officer of KB Home.

Prior Performance

Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.

Most Popular

What to look for when CVS Health (CVS) reports Q3 earnings

Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain

eBay (EBAY): A few factors that helped drive growth in Q3 2024

Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,

CVX Earnings: Chevron reports lower revenue and profit for Q3 2024

Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top