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ID: 23787
Title: KB Home posts $49.6M 4Q loss on charges (AP)
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A model home at the Classics at Avalon Village, a KB Home housing development in Laveen, Ariz., is shown Tuesday, Feb. 13, 2007. KB Home, one of the nation's biggest homebuilders, said Tuesday it swung to a loss in its fiscal fourth quarter, as it offered price concessions and sales incentives amid a housing slowdown. (AP Photo/Ross D. Franklin)AP - KB Home reported a loss in its fourth quarter Tuesday as the homebuilder absorbed a series of charges related to inventory and land options and saw the number of net orders for homes decline sharply amid a tough housing market.
Category: Business/Company Earnings/
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Date Added: February 13, 2007 10:59:11 PM
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