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ID: 23799
Title: KB Home posts quarterly net loss after charges (Reuters)
Description:

A Martha Stewart KB Home is seen in this undated handout photo. KB Home posted a quarterly net loss on Tuesday as it took $343.3 million of pretax land-related charges, a consequence of the U.S. housing market downturn, and said its cancellation rate rose to 48 percent. (Handout/Reuters)Reuters - KB Home , a leading U.S. home builder, on Tuesday posted a smaller-than-expected quarterly net loss after a $343.3 million noncash for declining land values, sending its shares up 1.6 percent.
Category: Business/Company Earnings/
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Date Added: February 13, 2007 04:40:47 PM
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