KB Home (NYSE: KBH) reported higher fourth quarter
revenue and earnings of $8.36 per diluted share compared with 31 cents per diluted share in the year ago period but earnings fell short of analyst expectations and
the homebuilder warned of sharply lower margins in the current quarter. The stock price plunged $2.70 to close at $13.87.
KB Home warns of lower margins
January 13, 2015 at 15:39 PM EST