Builder KB Home Reports Wider Loss in Quarter

Los Angeles, CA, Sept. 23, 2011 -- Homebuilder KB Home reported a net loss of $9.6 million, or $0.13 per share, in the three months that ended Aug. 31.

That compares with a loss of $1.4 million, or $0.02 a share, a year earlier.

KB said it delivered 1,603 homes in the quarter, compared to 2,320 last year.