LOS ANGELES (AP) — LOS ANGELES (AP) — KB Home (KBH) on Wednesday reported fiscal first-quarter profit of $138.7 million.
The Los Angeles-based company said it had profit of $1.76 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.56 per share.
The homebuilder posted revenue of $1.47 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $1.45 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
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