KB Home Cuts Outlook as Profit, Sales Fall
KB Home KBH 3.03%increase; green up pointing triangle cut its outlook for the year again as it posted lower profit and sales for its fiscal second quarter.
The homebuilder said Monday it now expects housing revenue of $6.3 billion to $6.5 billion for fiscal 2025, down from its prior guidance of $6.6 billion to $7 billion. Analysts polled by FactSet expected homebuilding sales of $6.55 billion.
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