LOS ANGELES (AP) — LOS ANGELES (AP) — KB Home (KBH) on Wednesday reported fiscal third-quarter profit of $109.8 million.
The Los Angeles-based company said it had net income of $1.61 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.50 per share.
The homebuilder posted revenue of $1.62 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $1.6 billion.
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