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ID: 29717
Title: KB Home fiscal 1Q profit plunges (AP)
Description:

Workers unload roof tiles Monday, March 19, 2007 at a KB Home development in Gilbert, Ariz.  KB Home, one of the nation's largest homebuilders, said Thursday, March 22, 2007 fiscal first-quarter earnings plunged as the continuing housing slump hurt sales and profit margins.  (AP Photo/Matt York)AP - KB Home, one of the nation's largest homebuilders, said Thursday that first-quarter profit plunged as the company felt pressure from a slowing housing market and rising defaults of subprime mortgages.


Category: Business/Company Earnings/
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Date Added: March 22, 2007 06:22:24 PM
Number Hits: 0