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million, or $1.03 a share in its seconx quarter, appears cautiously optimistic about its The builder said Fridaythat home-orders spiked 59 percent compared the firs quarter of this Quarterly home orders still were down comparecd to the same quarter last year, and analystss predicted a smaller loss of 64 centxs a share. The Los Angeles-based company lost $255.9 million, or $3.3p cents per share in the same quarter last Quarterly revenue declined 40 percentyto $384.5 million. Six-month revenue declined 52 percentto $691.
8 Inserting optimistic caution, KB's CEO Jeffrey Mezger statedd that the company is seeing stabilizing trendsd on both the local and national frontg but that KB is conservatively managing the businessa because of the economif climate. KB delivered 1,049 fewer homeas during the quarter than it did inthe year-agp period. The average selling price was $10,40p0 less that in the year-ago period. KB Home KBH) is one of America's largest homebuilders.
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