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.

KB Home Q4 2020 earnings infographic

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.

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