Author Topic: US Earnings To Watch Jan 11 2016 $CJR EXTN $MSM $STAF $SVU $KBH $XSR  (Read 1036 times)


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KB Home $KBH Earnings To Watch Jan 11 2016
« Topic Start: January 11, 2017, 06:08:50 PM »
Homebuilder KB Home $KBH Reports Strong Revenue and Orders

Homebuilder KB Home $KBH reported lower 4Q16 earnings despite revenue rising 20.81% to $1.19 billion, topping estimates for $1.15 billion. Earnings was down 7% from a year earlier to $0.40 per diluted share from $44.02MM or $0.43 per diluted share a year ago but beat expectations by a penny. Profits were hurt by increased costs. 

Orders rose 20% on the year, net order value grew 27% to $855.9 Mil. Its backlog grew 19% for the quarter to $1.52 billion, the best year-end level since 2006. The average selling price rose 2% vs. a year earlier to $387,400. 

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