KB Home (NYSE:KBH) is one of the stocks Jim Cramer offered insights on. Cramer discussed the company’s earnings during the episode and said:
“Alright, how about KB Home? Smaller, but it reported after the close. They also had a disappointing set of numbers. Like Lennar, they did beat on some lines for the… quarter. Home… delivered and revenues were both ahead of expectations, even as they fell 9 and 15%, respectively. I told you, this group is very difficult. Adjusted earnings per share beat expectations too, even as it fell 24% from the year ago period, but average selling price was down 7% and missed expectations.
A stock market chart. Photo by Arturo A on Pexels
KB Home (NYSE:KBH) builds and sells homes for different kinds of buyers and provides related financial services, including mortgage, insurance, and title services.
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Disclosure: None. This article is originally published at Insider Monkey.
