By Yasin Ebrahim
Investing.com – KB Property (NYSE:) documented Wednesday blended fiscal fourth-quarter final results as earnings topped estimates, but revenue fell just limited even as sturdy demand for housing ongoing to push up dwelling prices.
KB Dwelling (NYSE:KBH) gained extra than 3% in soon after-hours trading just after ending the day .6% better.
For the fourth quarter, EPS was $1.91, up from $1.12 a year ago, beating estimates of $1.77. Earnings rose 41.2% to $1.68 billion, but that was limited of estimates of $1.71 billion.
Homes delivered rose 28% to 3,679 on greater typical offering selling price of $451,100, up 9%.
Wanting ahead to 2022, housing revenues ended up guided in the variety of $7.20 billion to $7.60 billion on an normal advertising price tag in the vary of $480,000 to $490,000.
“Through the past year, we considerably expanded our creation abilities as we scale our company to satisfy the balanced demand that is driving the housing current market and align our starts off to web orders,” the business claimed.