that the automaker and United Auto Workers union are nearing a tentative agreement that could end the union's ongoing strike, according to two people familiar with the negotiations. Approximately 48,000 UAW members have been on strike against GM since Sept. 16.reached a year-to-date high Wednesday, but slid as much as 2.75% during extended trade after the company reported mixed third-quarter earnings.
The company's shares dropped despite better-than-expected home deliveries and net orders. KB Home delivered 3,022 homes and its net orders rose to 3,325, while investors expected 2,948 deliveries and 3,064 net orders. The home-builder's average selling price slipped, however, reporting an average of $381,400 compared to the $398,000 analysts had anticipated, according to Refinitiv.shares dropped 7% after the company lowered its full-year earnings guidance.
For the third quarter, the company reported earnings of 86 cents per share ex-items on revenue of $725 million, compared the 90 cent per share increase and revenue of $749 million Wall Street was expecting.popped 4% after its strong first-quarter earnings, reporting earnings of 57 cents per share ex-items and revenue of $542 million. Analysts had forecast a 51 cent per share increase on revenue of $495 million for the aviation services company, according to Refinitiv consensus estimates.
KB Home beat again 73c vs 66c. Shares +3% premkt Raising prices in 90% of their communities. More evidence of a strong US economy. Low mortgage rates a tailwind. housing USEconomy KB Home beats EPS expectations;via YouTube
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Source: CNBC - 🏆 12. / 72 Read more »