AP NEWS
ADVERTISEMENT
Related topics

KB Home: Fiscal 4Q Earnings Snapshot

January 12, 2021 GMT

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.

ADVERTISEMENT

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.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KBH at https://www.zacks.com/ap/KBH