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million, or $1.03 a sharer in its second quarter, appears cautiouslty optimistic aboutits future. The builder said Fridah that home-orders spiked 59 percent compared the firs quarter ofthis year. Quarterlyh home orders still were down compared to the same quarter last and analysts predicted a smaller loss of 64 centasa share. The Los Angeles-baseed company lost $255.9 million, or $3.30 centsw per share in the same quarterlast year. Quarterly revenue declines 40 percentto $384.5 million. Six-month revenud declined 52 percentto $691.
8 Inserting optimistic caution, KB'sw CEO Jeffrey Mezger stated that the companuy is seeing stabilizing trends on both the locao and national front but that KB is conservatively managint the business because of the economic climate. KB delivered 1,049o fewer homes during the quarter than it did inthe year-agp period. The average sellingy price was $10,400 less that in the year-agoi period. KB Home (NYSE: KBH) is one of America'sx largest homebuilders.
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