) has delivered a beat in its second-quarter results, surpassing analyst expectations on both the top and bottom lines. The homebuilding company posted revenue of $1.71 billion, topping estimates of $1.66 billion. Furthermore, KB Home's adjusted earnings per share came in at $2.15 per share, surpassing the anticipated $1.80.$2.15 well above estimates second quarter revenue falling year over year but coming in ahead of estimates of 1.71 billion.
The company's average selling price did increase year year to 483,000 from 4 79 500 again on a year over year basis and the CEO Jeffrey Messer, the chairman and CEO, saying in the statements. It says our pace of monthly net orders per community was one of our highest second quarter levels in many years.But if you compare Lennar's, uh, price tag of $426,000 to what uh KB home did, it was $483,000 so you can definitely see a little bit of the range there when it comes to home pricing.They build homes in Arizona, California, Florida, Idaho, Nevada, uh, North Carol of South Carolina and Texas and Washington.So we have to factor that into all of this.
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