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KB Home Q4 bottom line rose to $96.8 million

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KB Home
KB Home   The company's revenue for the quarter fell 3.6 percent

KB Home reported a fourth-quarter profit that trumped Wall Street estimates.

KB Home bottom line for the fourth quarter rose to $96.8 million or $0.96 per share from $84.3 million or $0.84 per share last year.

The company's revenue for the quarter fell 3.6% to $1.35 billion from $1.40 billion last year. Analysts had a consensus revenue estimate of $1.35 billion.

Deliveries for the quarter increased slightly to 3,389 homes, while average selling price declined 5% to $395,200 due primarily to a shift in geographic mix of homes delivered.


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