Earnings Highlights Source Seeking Alpha KB Home (NYSE:KBH) drops 2.9% in after-hours trading after the homebuilder's fiscal Q4 revenue of 1.56B trailed the consensus estimate of 1.60B.
Average selling price of 392.5K for the quarter ended Nov. 30, 2019 slipped from 395.2K in the year-ago quarter.
Q4 EPS of $1.31 exceeded the average analyst estimate of $1.30 and increased from 96 cents in the year ago quarter.
Q4 net orders rose 38% to 2,777, with net order value increasing 43% to 1.06B.
Ending backlog rose 24% to 5,078 home, with ending backlog value up 26% to 1.81B.