KB Home (NYSE:KBH) reported quarterly earnings of $0.52 per share which missed the analyst consensus estimate of $0.58 by 10.96 percent. This is a 65.1 percent decrease over earnings of $1.49 per share from the same period last year. The company reported quarterly sales of $1.077 billion which missed the analyst consensus estimate of $1.098 billion by 1.88 percent. This is a 22.63 percent decrease over sales of $1.392 billion the same period last year.