LOS ANGELES (AP) — LOS ANGELES (AP) — KB Home (KBH) on Tuesday reported fiscal third-quarter net income of $157.3 million.
On a per-share basis, the Los Angeles-based company said it had profit of $2.04.
The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of $2.04 per share.
The homebuilder posted revenue of $1.75 billion in the period, topping Street forecasts. Five analysts surveyed by Zacks expected $1.73 billion.
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