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KB Home: Fiscal 4Q Earnings Snapshot

LOS ANGELES (AP) _ KB Home (KBH) on Wednesday reported fiscal fourth-quarter earnings of $96.8 million.

The Los Angeles-based company said it had net income of 96 cents per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 93 cents per share.

The homebuilder posted revenue of $1.35 billion in the period, which matched Street forecasts.

For the year, the company reported profit of $170.4 million, or $1.71 per share. Revenue was reported as $4.55 billion.

KB Home shares have climbed 15 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $21.98, a drop of 36 percent 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