KB Home's stock plummeted 5.98% in pre-market trading after the homebuilder reported weaker-than-expected quarterly results. The company delivered fewer homes and saw its profits decline, weighed down by the stagnant housing market.
The disappointing earnings and reduced home deliveries reflect broader challenges in the housing sector, which has been struggling with sluggish demand and economic uncertainties. Investors reacted negatively to the news, leading to the sharp pre-market drop.
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