Deliveries, new orders and backlog decline.
Builder
KB Home (NYSE: KBH) after market close Tuesday reported net income of $30.0 million and diluted earnings per share of $.31 for its first quarter ended February 28, 2019, compared to a net loss of $71.3 million, or $.82 per diluted share, which included a writedown of tax assets due to the Tax Cuts & Jobs Act, in the same period last year. The results beat analyst expectations for a gain of $0.25 per share.
Among the results, on a year-over-year basis:
