KB Home (KBH) posted a significantly narrower first-quarter net loss of $12.5 million, or $0.16 per share, compared with a $45.8 million, or $0.59 per share loss, in the prior-year quarter. On average, 21 analysts polled by Thomson Reuters expected loss per share of $0.22 for the quarter. Analysts' estimates typically exclude one-time items.
Quarterly revenues went up 59% to $405.2 million, from $254.6 million, a year ago, due to an increase in the number of homes delivered and a higher average selling price. Compared to the prior-year quarter, revenues grew across all of the company's homebuilding regions. Analysts estimated revenues of $359.8 million for the quarter.
The Company delivered 1,485 homes, up 29% from last year, reflecting increases in three of its four homebuilding regions. Net orders advanced by 40% to 1,671 in the first quarter of 2013, up from 1,197 in the year-earlier quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.