KB Home (KBH) Posts Surprise Q3 EPS of 4c; Deliveries Up 7%, Backlog Up 33%
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KB Home (NYSE: KBH) reported Q3 EPS of $0.04, $0.20 better than the analyst estimate of ($0.16). Revenue for the quarter came in at $424.5 million versus the consensus estimate of $430.05 million.
Backlog up 33 percent to $744.7 million.
The Company delivered 1,720 homes, up 7% from the year-earlier quarter, with three of the Company's four homebuilding regions posting year-over-year increases.
The overall average selling price of $245,100 rose by $17,700, or 8%, from $227,400 for the year-earlier quarter, marking the ninth consecutive quarter of year-over-year increases, and was up by $12,100, or 5% from $233,000 in the second quarter of 2012.
For earnings history and earnings-related data on KB Home (KBH) click here.
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Backlog up 33 percent to $744.7 million.
The Company delivered 1,720 homes, up 7% from the year-earlier quarter, with three of the Company's four homebuilding regions posting year-over-year increases.
The overall average selling price of $245,100 rose by $17,700, or 8%, from $227,400 for the year-earlier quarter, marking the ninth consecutive quarter of year-over-year increases, and was up by $12,100, or 5% from $233,000 in the second quarter of 2012.
For earnings history and earnings-related data on KB Home (KBH) click here.
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