KB Home (KBH) Tops Q2 EPS by 6c, Revenue Misses
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KB Home Reports 2020 Second Quarter Results
June 24, 2020 4:10 PM EDT
Revenues Totaled $914.0 Million
Gross Margin Up 100 Basis Points
Pretax Income Grew 19% to $67.8 Million; Diluted Earnings Per Share Increased to $.55
Liquidity Increased to $1.36 Billion, Driven by Positive Operating Cash Flow
LOS ANGELES--(BUSINESS WIRE)-- KB Home (NYSE: KBH) today reported results for its second quarter ended May 31, 2020. The Companys results were significantly impacted by the severe economic and social disruptions resulting from the COVID-19 pandemic and the extensive and restrictive public health measures implemented during the period to contain and combat the outbreak.
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