KB Home (KBH) reported fourth-quarter net income of $100.72 million or $1.31 per share, compared to net loss of $307.28 million or $3.96 per share last year.
Total revenues declined to $674.57 million from $919.04 million in the prior year quarter. Homebuilding revenues decreased to $671.4 million from $915.65 million in the prior year's fourth quarter.
On average, 14 analysts polled by Thomson Reuters expected the company to report loss of $0.42 per share, on revenues of $577.54 million. Analysts' estimates typically exclude special items.
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