Homebuilding Stock Falls From Record Highs After Earnings

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. Plus, the homebuilding name's full-year housing revenue forecast and expected operating gross margin disappointed. This is against the backdrop of a decline in new home sales, per U.S. data released this morning. At last glance, KBH was down 4.3% at $83.70, falling further from its recent Sept. ...