KB Home reports Q3 EPS $1.61, consensus $1.51

Reports Q3 revenue $1.62B, consensus $1.59B. “We achieved solid financial results in our third quarter, meeting or exceeding our guidance ranges across the key metrics for our business. Operationally, our execution was outstanding, as we continued to make meaningful progress in reducing both our build times and costs to build,” said Jeffrey Mezger, Chairman and Chief Executive Officer. “Our sales approach in the quarter remained consistent and straightforward, focused on offering homebuyers the most compelling value at a transparent price. As the quarter progressed, we were encouraged to see affordability improving, as mortgage interest rates began to ease.”