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.
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