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Stock Market & Financial Investment News

News Breaks
May 28, 2014
15:10 EDTTOLToll Brothers says 'very comfortable' with lower end of community count range
Says company chose not to narrow its projected range for its year-end community count as it is "not willing to give up on" the higher end of its forecast, but noted that it is "very comfortable" with the lower end of its projected range.
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June 19, 2015
14:26 EDTTOLHomebuilders advance after KB Home reports earnings
Shares of homebuilder stocks are rallying in a down market after group member KB Home (KBH) reported second quarter EPS of 10c on revenue of $623M, beating consensus estimates of 8c and $619M, respectively. Net orders grew 33% to 3,015 in the current quarter, compared to 2,269 in the year-earlier quarter, largely driven by expansion in the company’s average community count. PRICE ACTION: In afternoon trading KB Home is up about 10% to $16.46. Other homebuilder stocks are moving up as well, with DR Horton (DHI) and PulteGroup (PHM) each up about 2% and Lennar (LEN) up 3%.

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