KB Home Q1 EPS $0.52 Misses $0.58 Estimate, Sales $1.077B Miss $1.098B Estimate

KB Home (NYSE: KBH) reported Q1 earnings of $0.52 per share, missing the analyst estimate of $0.58 by 10.96%, and reflecting a 65.1% decrease from $1.49 per share in the same quarter last year. The company's quarterly sales were $1.077 billion, falling short of the $1.098 billion estimate by 1.88%, and representing a 22.63% decline from $1.392 billion in the prior year.