KB Home Reports 2015 Second Quarter Results
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UPDATE: KB Home (KBH) Moves to Session Highs Amid Q2 Conf. Call
June 19, 2015 12:22 PM EDT(Updated - June 19, 2015 12:25 PM EDT)
KB Home (NYSE: KBH) is moving to session highs as its quarterly conference call continues. Shares are up 8.9 percent.
UPDATE - Some key points from the call:
KBH is focused... MoreKB Home (KBH) Tops Q2 EPS by 2c; Backlog Rose 57%
June 19, 2015 8:32 AM EDTKB Home (NYSE: KBH) reported Q2 EPS of $0.10, $0.02 better than the analyst estimate of $0.08. Revenue for the quarter came in at $623 million versus the consensus estimate of $619.05 million.
Housing revenues rose 8% to $604.9 million from $559.8 million for the year-earlier quarter, reflecting expanded delivery volume and a higher overall average selling price.The Company delivered 1,787 homes, up 2% from 1,751 homes in the year-earlier quarter.The overall average selling price of homes delivered advanced 6% to $338,500, compared to $319,700 for the... More