All articles tagged with #kb home
The article highlights the biggest midday stock movements involving companies like Lamb Weston, KB Home, Carnival, Oracle, and CoreWeave, indicating notable activity in the stock market.
Chewy falls short of first-quarter sales guidance but surpasses fourth-quarter revenue estimates, Five Below shares tumble after missing fourth-quarter earnings estimates and forward guidance expectations, while KB Home raises its full-year revenue outlook after topping first-quarter estimates.
KB Home has announced the grand opening of its newest gated community within Orchard Hills, a premier master plan in Irvine, California, offering a range of home designs and personalized options for buyers seeking luxury living in a desirable location.
KB Home, a homebuilder, is taking a different approach than its competitors by skipping mortgage rate buydowns and instead focusing on customization and rate locks to cater to buyers. The company believes in offering the best price for the best value and allowing buyers to pick everything. While other homebuilders are offering aggressive rate buydowns to entice buyers, KB Home has used this perk sparingly. The rise in mortgage rates has made buying a home more challenging, with rates lingering above 7%. KB Home closed 3,375 homes in the third quarter, higher than expected, but still 6.6% lower year over year. The company remains committed to focusing on the underserved segment of first-time or move-up buyers and expects fourth-quarter home sales revenue of $1.55 billion to $1.65 billion.
FedEx shares rise over 5% after reporting better-than-expected earnings for the fiscal first quarter, while KB Home stock falls despite beating expectations. Klaviyo's stock slides after its public debut, and Skyworks Solutions shares drop following a downgrade. Starbucks opens a new facility in China and announces a dividend increase, while Netflix and Disney shares decline as the Writers Guild of America strike nears an end. Darden Restaurants, the parent company of Olive Garden, sees a decline in same-store sales.