Categories AlphaGraphs, Earnings, Retail
Infographic: Highlights of KB Home’s (NYSE: KBH) Q4 2020 earnings report
Homebuilder KB Home (NYSE: KBH) reported lower earnings and revenues for the fourth quarter of 2020, reflecting the COVID-driven slump in demand. The results, meanwhile, topped expectations.
Fourth-quarter net profit dropped to $106.1 million or $1.12 per share from $123.2 million or $1.31 per share in the year-ago period but exceeded the consensus estimate. The weak bottom-line performance was the result of a 23% decrease in revenues to $1.19 billion. But the outcome was better than what experts had projected.
Homes delivered decreased to 2,876 during the three-month period from 3,929 in the prior-year quarter. Meanwhile, the average selling price moved up 5% to $413,700.
Read management/analysts’ comments on KB Home’s Q4 report
KB Home’s stock, which has gained 3% so far in 2021, closed Tuesday’s regular session higher. It gained further after the earnings report, in extended trading.
Most Popular
Key highlights from Deere & Co.’s (DE) Q4 2024 earnings results
Deere & Company (NYSE: DE) reported its fourth quarter 2024 earnings results today. Worldwide net sales and revenues decreased 28% year-over-year to $11.14 billion. Net income was $1.24 billion, or
NVDA Earnings: Nvidia Q3 profit jumps, beats estimates
NVIDIA Corporation (NASDAQ: NVDA) on Wednesday reported a sharp increase in adjusted profit and revenue for the third quarter of 2025. Earnings also topped analysts' estimates. The tech firm’s revenues
Lowe’s Companies (LOW): A few points to note about the Q3 2024 performance
Shares of Lowe’s Companies, Inc. (NYSE: LOW) rose over 1% on Wednesday. The stock has gained 8% over the past three months. The company delivered better-than-expected earnings results for the