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KB Home swings to profit in first quarter
WASHINGTON (MarketWatch) -- KB Home [S: KBH] reported early Wednesday that it swung to a profit of $10.6 million in its fiscal first quarter, or 12 cents a share. In the year-earlier period, the company recorded a loss of $12.5 million, or 16 cents a share. Meanwhile, revenue rose to $450.7 million from $405.2 million. Analysts surveyed by FactSet had expected the Los Angeles-based company, one of the country's largest home builders, to report earnings of 8 cents a share and revenue of $445 million.
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