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KB Home stock slips despite earnings beat, raised forecast and ‘steady’ demand

KB Home stock slips despite earnings beat, raised forecast and ‘steady’ demand

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KB Home shares declined in the extended session Wednesday even after the home builder reported results that topped Wall Street estimates, hiked its revenue forecast for the year and reported steady demand amid rising mortgage rates.

KB Home KBH shares slid more than 2% after hours, following a 0.7% decline in the regular session to close at $48.06.

The…

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