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The economy typically has three leading industries that investors can watch closely when trying to figure out the potential future of the stock market. Of course, consumer discretionary is a big part of this mix, as the United States economy is increasingly made up of consumer trends and debt.
MARYSVILLE, Wash.--(BUSINESS WIRE)-- #BuiltOnRelationships--KB Home announces the grand opening of its newest community in popular Marysville, Washington.
JACKSONVILLE, Fla.--(BUSINESS WIRE)-- #BuiltOnRelationships--KB Home announces the grand opening of its newest community in Jacksonville, Florida.
LAS VEGAS--(BUSINESS WIRE)-- #BuiltOnRelationships--KB Home announces the grand opening of its newest community in highly desirable Southwest Las Vegas.
The economy typically has three leading industries that investors can watch closely when trying to figure out the potential future of the stock market. Of course, consumer discretionary is a big part of this mix, as the United States economy is increasingly made up of consumer trends and debt.
KB Home's (KBH) fiscal third-quarter results reflect lower margins due to unfavorable product and geographic mix.
KB Home (NYSE:KBH) reported fiscal third-quarter results after the close yesterday, with earnings of $2.04 per share missing estimates by two cents, while revenue of $1.75 billion came in slightly above expectations.
Shares of KB Home (KBH) slumped Wednesday, a day after the homebuilder missed profit estimates and cut its housing gross profit margin outlook as high borrowing costs and worries about the economy limited buyer demand.
KB Home stock fell premarket after its Q3 earnings report. August new home sales data is due Wednesday morning.
U.S. stock futures were mixed this morning, with the Dow futures gaining around 0.1% on Wednesday.