KB Home: Fiscal 4Q Earnings Snapshot
LOS ANGELES (AP) _ KB Home (KBH) on Tuesday reported fiscal fourth-quarter earnings of $106.1 million.
The Los Angeles-based company said it had profit of $1.12 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 87 cents per share.
The homebuilder posted revenue of $1.19 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $1.11 billion.
For the year, the company reported profit of $296.2 million, or $3.13 per share. Revenue was reported as $4.18 billion.
KB Home shares have climbed roughly 2% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $34.15, a decline of 3% in the last 12 months.