Kaufman & Broad Home Corp.: An earnings...
Kaufman & Broad Home Corp.: An earnings item on Tuesday misstated the Los Angeles home builder’s first-quarter profit. The company earned $11.5 million in the period, a gain of 64% over the previous year. Revenue rose 28% to $173 million. The firm, which is the largest builder of single-family homes in California and the third largest in France, attributed the results to a 23% increase in unit sales, continued strong orders and tight control of fixed costs.
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