KB Home: Fiscal Q4 Earnings Snapshot
By AP News
Published - Jan 10, 2024, 04:27 PM ET
Last Updated - Jan 10, 2024, 04:27 PM EST
LOS ANGELES (AP) — LOS ANGELES (AP) — KB Home (KBH) on Wednesday reported fiscal fourth-quarter profit of $150.3 million.
The Los Angeles-based company said it had profit of $1.85 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.69 per share.
The homebuilder posted revenue of $1.67 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $1.61 billion.
