Pulse of The Market: Tuesday’s 10 Worst Performers

5. KB Home (NYSE:KBH)

KB Home dropped its share prices by 5.21 percent on Tuesday to close at $58.57 apiece as investor sentiment was dampened by disappointing earnings performance in the first quarter ending February 2025.

In a statement, KBH said net income for the quarter dropped by 21.5 percent to $109 million from $138 million in the same period a year earlier, as revenues dipped by 5 percent to $1.391 billion from $1.467 billion.

Further adding to the already pessimistic sentiment was the company’s bearish outlook for the full year.

“While our sales trends have improved, we are reducing our revenue guidance for fiscal 2025 primarily to reflect the lower level of net orders we generated in the first quarter. I am confident that our experienced team will effectively navigate the variability in market conditions and execute our objectives for this year while continuing to deliver high levels of customer satisfaction,” said KBH Chairman and CEO Jeffrey Mezger.

For the full year, KBH expects revenues to settle somewhere between $6.6 billion and $7 billion.