KB Home: Fiscal Q1 Earnings Snapshot
By AP News
Published - Mar 20, 2024, 04:18 PM ET
Last Updated - Mar 20, 2024, 04:18 PM EDT
LOS ANGELES (AP) — LOS ANGELES (AP) — KB Home (KBH) on Wednesday reported fiscal first-quarter profit of $138.7 million.
The Los Angeles-based company said it had profit of $1.76 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.56 per share.
The homebuilder posted revenue of $1.47 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $1.45 billion.
