KB Home (-6%) at three year low after missing Q4 estimates -- call starts in a couple minutes
- "While inclement weather and trade shortages in certain markets tempered our fourth-quarter deliveries and revenues, we have a positive rhythm in our business and substantial momentum as we enter 2016."
- Co previously guided for FY16 homebuilding rev +10-25%; gross margin and profit higher; Q1 gross margin mid-16% range
- Stock has reclaimed support near the $11 level intraday.
- KBH leading homebuilders lower ITB -1.6%.