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KB Home Shares Fall Following 3Q Profit Miss, Lower Margins

By MarketWatch   |   Sep 24, 2024 at 07:12 PM EST
KB Home Shares Fall Following 3Q Profit Miss, Lower Margins

KB Home's stock dropped 6.3% in after-hours trading as it missed analyst profit expectations and lowered its housing gross profit margin outlook. The company reported a profit of $157.3 million, slightly below forecasts.

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