KB Home (NYSE: KBH) reported third-quarter results on Wednesday that topped Wall Street’s profit expectations, though the homebuilder continued to face lower deliveries and narrowing margins. The company posted earnings of $1.61 per share, exceeding analyst estimates of$1.50. Net income fell to $109.8 million, or$1.61 per share, compared with $157.3 million, or$2.04 per share, in the same period last year. Revenue came in at $1.62 billion, ahead of expectations of$1.59 billion but below the $1.75 billio ...