KB Home Raises Roof With Results, Jumps Merrily Higher

Higher margins and lower inventory charges contributed to a coup for KB Home, which reported forecast-beating profits for its fourth quarter Friday. The homebuilder reported a pre-tax profit of $15.4 million, or 23 cents per share, compared to a loss of $91 million, or 47 cents per share, for the year-ago period.

Analysts were expecting the company to report a loss of 16 cents per share on $441 million of revenue. On a pre-tax basis, KB Home ( KBH - news - people ) increased its year-over-year profit for the eleventh consecutive quarter. The sales numbers, however, have shown steep declines.

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- Posted: 2011-01-07 12:37:36

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