KB Home (KBH) Posts Q2 Loss of 4c/Share

KB Home (NYSE: KBH) reported Q2 EPS of ($0.04), $0.03 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $524.4 million versus the consensus estimate of $450.8 million.

Homes delivered rose 39% from the year-earlier quarter to 1,797 homes, the seventh consecutive quarter of year-over-year growth.

The Company’s overall average selling price of $290,400 increased $57,400, or 25%, from the second quarter of 2012, marking the highest second quarter average selling price since 2006 and the twelfth consecutive quarter of year-over-year improvement.

For earnings history and earnings-related data on KB Home (KBH) click here.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Nvidia pitches Vera CPU to Chinese clients with August delivery target
• Cooper Companies (COO) Reiterated at Buy by Stifel After Earnings Call
• UBS Reiterates Neutral Rating on Clorox (CLX) as External Challenges Persist