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KB Home Stock Slides Over 2% Premarket Despite Q4 Beat: What’s Going On?

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Shares of KB Home (NYSE:KBH), the Los Angeles-based homebuilder, experienced a premarket decline on Thursday. 

The company’s fourth-quarter revenue, disclosed after Wednesday’s market close, showed a 14% year-over-year decrease to $1.67 billion. Despite this dip, it exceeded the consensus estimate of $1.62 billion. KB Home reported a 10% drop in home deliveries and a 4.52% decrease in the average selling price to 3,407 homes and $487,300, respectively.

The bottom line came in at $1.85 per share, down from …

Full story available on Benzinga.com

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