» KB Home loss widens amid housing slump, shares tumble

KB Home loss widens amid housing slump, shares tumble

Posted: 1:00 am Tue, January 8, 2008
By admin

LOS ANGELES - KB Home, one of the nation's largest homebuilders, said Tuesday its fourth-quarter loss swelled as ongoing housing market woes led to fewer home sales and lower revenue, prompting the company to book charges to write down unsold inventory and for a tax allowance. Its shares tumbled almost 7 percent in afternoon trading. Chief Executive ...

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