Skip to content
Subscriber Only

KB Home Reports Profit as U.S. New-Home Sales Surge

KB Home, the best-performing U.S. homebuilder stock in the past month, reported a profit for its fiscal second quarter as selling prices and orders increased.

Net income for the three months through May was $26.6 million, or 27 cents a share, compared with a loss of $3 million, or 4 cents, a year earlier, the Los Angeles-based company said today in a statement. The results beat the average analyst earnings estimate of 21 cents a share, according to data compiled by Bloomberg.