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.
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.
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.
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) ended fiscal 2023 on a positive note, delivering strong results for the fourth quarter. In the new fiscal year, the company’s focus will be
Shares of Signet Jewelers Limited (NYSE: SIG) were down over 2% on Friday. The stock has gained 40% year-to-date and 27% over the past three months. The jewelry retailer saw
eSignature service provider DocuSign, Inc. (NASDAQ: DOCU) reported higher revenues and better-than-expected adjusted earnings for the third quarter of 2024. The company also provided guidance for the fourth quarter and