LOS ANGELES (AP) — LOS ANGELES (AP) — KB Home (KBH) on Tuesday reported fiscal second-quarter earnings of $168.4 million.
The Los Angeles-based company said it had profit of $2.15 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.78 per share.
The homebuilder posted revenue of $1.71 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $1.64 billion.
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