NEW YORK -- NEW YORK (Reuters) - KB Home (KBH.N: Quote, Profile, Research, Stock Buzz) posted a bigger quarterly loss on Friday, hurt by deterioration in demand for new homes, tight credit conditions and excess inventory in the form of foreclosures.
The No. 5 U.S. builder reported a third-quarter loss of $144.7 million, or $1.87 per share, compared with a loss of $35.6 million, or 46 cents per share, a year earlier.
Revenue fell 56 percent to $681.6 million.
The No. 5 U.S. builder reported a third-quarter loss of $144.7 million, or $1.87 per share, compared with a loss of $35.6 million, or 46 cents per share, a year earlier.
Revenue fell 56 percent to $681.6 million.
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