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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • KB Home Swings To Profit 0 comments
    Mar 19, 2014 11:02 AM | about stocks: KBH

    Originally published at

    KB Home (NYSE:KBH) announced its first quarter financial results for the 2014 fiscal year, swinging to a profit from its year-ago net loss. Revenue increased 11% to $450.7M, missing analyst predictions of $435M. Earnings swung from a net loss of $12.5M and $0.16 per share a year-ago to $10.6M and $0.12 per share, beating analyst expectations of $0.08 per share. Net orders grew 5.6% to 1,765 while the value of net orders climbed 18% to $600.2M with backlog increasing 4.2% to 2,880 homes. The average sales price of homes grew in every region of the United States from $271,300 a year-ago to $305,200 while overall deliveries fell 2.9% to 1,442, attributed primarily to a lower backlog in the West Coast region.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: KBH
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