KB Delivers Q1 Earnings Beat
In another indication of the strengthening new home market, KB reported Q1 earnings above consensus estimates. Analysts had predicted profit of $0.02 per share, which was lower than the $0.08 per share reported by KB. The $580.12M in revenues also exceeded the $474.9M analyst consensus. While margin weakness is a continuing concern, deliveries, average selling price, net orders, net order value and backlog were all up from the year-ago period.
About author
You might also like
A Look into Trumark Communities
With the recent announcement of the formation of Trumark Communities, Trumark’s masterplanned community development arm, the COO for the operation, Peter Kiesecker, provides insight into the subsidiary’s business and trends
How Will Big Builders Use $1 Billion Plus in Tax Cuts?
By John McManus Amid, in spite of, and–quite possibly–a cause factor in the sudden paroxysm of volatility roiling global stock markets, economic strength, jobs, and wage growth among American households