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KB Home: Fiscal Q2 Earnings Snapshot

·1 min read

LOS ANGELES (AP) _ KB Home (KBH) on Wednesday reported fiscal second-quarter profit of $143.4 million.

On a per-share basis, the Los Angeles-based company said it had net income of $1.50.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.

The homebuilder posted revenue of $1.44 billion in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $1.48 billion.

KB Home shares have increased 29% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $43.38, an increase of 27% in the last 12 months.

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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

The Associated Press

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