KB Home: Fiscal Q4 Earnings Snapshot

LOS ANGELES (AP) — LOS ANGELES (AP) — KB Home (KBH) on Thursday reported fiscal fourth-quarter earnings of $101.5 million.

The Los Angeles-based company said it had net income of $1.55 per share. Earnings, adjusted for non-recurring costs, came to $1.92 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.79 per share.

The homebuilder posted revenue of $1.69 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $1.65 billion.

For the year, the company reported profit of $428.8 million, or $6.15 per share. Revenue was reported as $6.24 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KBH at https://www.zacks.com/ap/KBH