UPDATE ON KB HOMES $KBH
This post was just published on ZYX Buy Change Alert.
KBH Reports Q3 (Aug) earnings of $0.28 per share, excluding a $0.7 mln non-recurring items, $0.07 better than the consensus estimate of $0.21; revenues rose 29.3% year/year to $549 mln vs the $570.37 mln consensus, with YoY rev growth in each of the Company’s homebuilding regions exceeding 25%.
Homes delivered increased 6% from the third quarter of 2012 to 1,825 homes, representing the eighth consecutive quarter of YoY growth. The overall average selling price grew to $299,100, up $54,000 or 22% from the year-earlier quarter, extending the trend of year-over-year improvement to 13 consecutive quarters.… Please click here or the title below to read more.
September 24, 2013