Homebuilder KB Home (KBH) gained 2.3% in early Thursday trading following the release of robust third-quarter financial results. The company delivered revenue surpassing $1.6 billion while achieving a gross margin of 18.9%.
KB Home has established a fourth-quarter revenue target of $1.65 billion and highlighted its build-to-order business model, which is expected to continue supporting elevated gross margin levels.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.