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Jeffrey Mezger

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KB Home Trims 1Q Loss, Grows Revenue 59%

Buoyed by the recovering housing market, home builder KB Home (NYSE:KBH) posted a smaller-than-expected first-quarter loss and 59% revenue growth on Thursday as average prices jumped to the best level since 2006.Shares of the No. 5 U.S. home builder rallied about 2% on the earnings beat and optimism about the outlook for the rest of the year.KB Home said it lost $12.5 million, or 16 cents a share, last quarter, compared with a loss of $45.8 million, or 59 cents a share, a year earlier. Analysts had been bracing for a deeper loss of 22 cents a share.Revenue soared 59% to $405.2 million, easily topping the Street's view of $360 million.KB Home reported a 29% year-over-year increase in deliveries to 1,485 units, generating growth in three of its four regions.The average selling price soared 24% from the year earlier to $271,300, representing the company's 11 th straight quarter of annual growth and highest first-quarter average price since 2006."Our strategies targeting growth and profita...

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  1. KB Home 3Q Loss Narrows Sharply, Smashing Views; Orders Down

    KB Home's ( KBH ) fiscal third-quarter loss narrowed significantly as the builder recorded sharply lower write-downs, while orders declined again following the expir...

  1. KB Home Says New-Home Orders Jump; Unveils Stock, Note Offering

    KB Home (KBH) said its new-home orders have jumped so far in the fiscal first quarter, and is launching a series of initiatives, including a stock offering, intended...

  2. Softer Orders Narrow KB Home's 4Q Profit

    Driven by higher selling prices and deliveries, KB Home (NYSE:KBH) revealed stronger-than-expected sales on Thursday, however its shares fell deep into the red as in...

  3. KB Home Logs Unexpected 3Q Profit

    Energized by the long-awaited recovery in the housing market, home builder KB Home (NYSE:KBH) revealed a surprise third-quarter profit on Friday amid soaring deliver...

  4. KB Home's 2Q Beat Sends Shares Surging

    Buoyed by rising deliveries and growing margins, KB Home (NYSE:KBH) revealed a narrower-than-expected second-quarter loss on Friday, sending the home builder's share...

  5. KB Home Shares Dive 15% on Gloomy 1Q Results

    KB Home (NYSE:KBH) disclosed a deeper-than-expected first-quarter loss and an 8% slump in new orders on Friday, triggering a 15% plunge in the homebuilder’s shares.T...

  6. KB Home Posts 1Q Loss as Orders Plunge

    Slammed by a 32% plunge in new orders, KB Home (NYSE:KBH) said Tuesday it suffered a deeper first-quarter loss, sparking a 9% drop in the home builder’s stock.Los An...

  7. KB Home Shares Rise on Upbeat 4Q Results

    KB Home (NYSE:KBH) revealed on Friday an 83% plunge in fourth-quarter net income, but shareholders cheered the home builder’s first pretax profit in nearly four year...

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