LOS ANGELES (AP) _ KB Home (KBH) on Wednesday reported fiscal fourth-quarter earnings of $37.5 million.
The Los Angeles-based company said it had net income of 40 cents per share.
The results beat
The homebuilder posted revenue of $1.19 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $1.16 billion.
For the year, the company reported profit of $105.6 million, or $1.12 per share. Revenue was reported as $3.59 billion.
KB Home shares have climbed 5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $16.60, a rise of 59 percent in the last 12 months.
Keywords: KB Home, Earnings Report
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