U.S. Stock Movers: BYD Electronic, KB Home, Meituan

Scott Peters
25 Mar, 2025
New York City

KB Home dropped 7.2% to $57.34 after the homebuilder missed earnings expectations for the fiscal first quarter of 2025.

Housing revenue declined 5% to $1.39 billion from $1.47 billion, net income edged down to $109.5 million from $138.7 million, and diluted earnings per share fell to $1.49 from $1.76 a year ago.

New orders edged down 17% to 2,772 from 3,323, and deliveries fell 9% to 2,770 from 3,037 a year ago.

The average selling price increased 4% to $500,700 from $480,100, and the backlog of homes decreased 23% to 4,436 from 5,796 a year earlier.

During the quarter, the company repurchased 753,939 shares at a total cost of $50.0 million, or $66.32 per share.

As of February 28, KB Home had $650.0 million remaining under its current stock repurchase authorization.

The home builder guided for the full year housing revenue to be between $6.60 billion and $7.00 billion, compared to $6.93 billion a year ago.

The average home selling price is estimated to be between $480,000 and $495,000, compared to $486,900 in 2024.

Meituan surged 3.09% to $20.83 after the Hong Kong-based e-commerce platform operator reported increased revenue in 2024.

Revenue jumped to 337.59 billion yuan from 276.74 billion yuan, profit soared to 35.81 billion yuan from 13.85 billion yuan, and diluted earnings per share jumped to 5.66 yuan from 2.11 yuan a year ago.

BYD Electronic International Co. Ltd. gained 2.6% to $6.20 after the Hong Kong-based automotive electronics company reported higher revenue in 2024.

Operating revenue jumped to 777.10 billion yuan from 602.31 billion yuan, net profit edged up to 41.59 billion yuan from 31.34 billion yuan, and diluted earnings per share rose to 13.84 yuan from 10.32 yuan a year ago.