— KB Home (NYSE: KBH) reported first-quarter 2020 earnings of $0.63 per share vs. $0.44 expected.
— Revenue surged 33% to $1.08 billion vs. $955.5 million expected.
— Due to the uncertainty surrounding the spread of COVID-19 and the unprecedented public health and governmental efforts to contain it, KB Home withdrew its guidance for fiscal 2020.
— Homes delivered grew 28% to 2,752, with increases in all four of the company’s regions.
— Net orders rose 31% to 3,495, with net order value up 35% to $1.38 billion.
— ending backlog rose 26% to 5,821 homes. Ending backlog value grew 28% to $2.12 billion, compared to $1.66 billion, reflecting increases in all four regions.
— KBH stock, which dropped 45% so far this year, rose about 8% immediately after the earnings announcement.
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
