KB Home Q1 Earnings: Revenue Miss, EPS Miss, Demand 'More Muted' Than Expected, Buyers Responding Favorably To Value Pivot And More

KB Home (NYSE:KBH) reported first-quarter financial results Monday after the bell. Here’s a look at the key metrics from the quarter.

Q1 Earnings: KB Home reported first-quarter revenue of $1.39 billion, missing analyst estimates of $1.50 billion. The U.S. homebuilder reported first-quarter earnings of $1.49 per share, missing analyst estimates of $1.59 per share, according to Benzinga Pro.

Total revenue was down 5% year-over-year. KB Home delivered 2,770 homes in the quarter, down 9% year-over-year. The average selling price was $500,700, up 4% year-over-year, but net orders declined 17% year-over-year to 2,772.

KB Home said it repurchased $50 million worth of its common stock during the quarter. The company ...