BUZZ-KB Home up on upbeat 2025 housing revenue forecast

Reuters
01-14
BUZZ-<a href="https://laohu8.com/S/KBH">KB Home</a> up on upbeat 2025 housing revenue forecast

** Shares of KB Home KBH.N rise 8% to $69 in after-hours trading

** Company forecasts 2025 housing revenue to be in the range of $7.00 bln to $7.50 bln, compared to $6.90 bln in 2024

** Reports Q4 2024 revenue up 19% to $2 bln, roughly in line with Wall Street estimates

** Company adds 3,978 homes delivered in Q4, up 17%, while average selling price for homes rose 3% to $501,000

** Q4 homebuilding operating income up 27% to $229.1 mln

** Four of 16 brokerages rate the stock "buy" or higher, nine "hold" and three "sell" or lower; their median PT is $82, according to data compiled by LSEG

(Reporting by Aishwarya Jain in Bengaluru)

((Aishwarya.Jain@thomsonreuters.com;))

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