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Homebuilders whacked as KB Home starts earnings call

Jan. 13, 2015 11:48 AM ETKB Home (KBH) StockKBH, TOL, PHM, HOV, DHI, XHB, RYL, ITBBy: Stephen Alpher, SA News Editor4 Comments
  • Up earlier after reporting a strong FQ4, KB Home (KBH -12.2%) goes into the tank as the earnings call begins and management warns on margins.
  • Webcast here
  • Some homebuilders are red, some are green, but all are well off session highs in sympathy: Hovnanian (HOV -2.7%), D.R. Horton (DHI -2.3%), Toll Brothers (TOL +0.3%), PulteGroup (PHM -0.6%), Ryland (RYL +0.2%)
  • ETFs: ITB, XHB
  • Previously: KB Home up 4.4% after strong FQ4 results (Jan. 13)

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