KB Home Posts $49.6M 4Q Loss on Charges
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By ALEX VEIGA  LOS ANGELES - KB Home reported a loss in its fourth quarter Tuesday as the homebuilder absorbed a series of charges related to inventory and land options and saw the number of net orders for homes decline sharply amid a tough housing market.
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For the period that ended Dec. 31, the company reported a loss of $16 million, or 11 cents a share, in contrast to a profit of $18 million, or 12 cents a share, in the period a year earlier.
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KB Home , the No. 5 U.S. home builder, posted a quarterly net loss on Thursday as home revenue dropped sharply due to the weak housing market.
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Struggling doughnut shop chain Krispy Kreme Doughnuts Inc. (KKD.N: Quote, Profile, Research) on Monday reported a quarterly net loss because of impairment charges and store closing costs.
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KB Home , a leading U.S. home builder, posted a quarterly net loss on Tuesday as it took $343.3 million of pretax charges for abandoning land option contracts and writing down the value of inventory, a consequence of the U.S. housing market downturn.
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Countrywide Financial Corp , the battered mortgage lender being acquired by Bank of America Corp , on Tuesday posted a fourth-quarter loss, hurt by mounting defaults in a sinking housing market.
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The homebuilder lost $787.9 million in the third quarter, hurt by a hefty impairment charge, as its land lost value amid flagging demand for real estate.
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The troubled mortgage lender posted a loss of $422 million, citing rising loss provisions and impairment charges.
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By Steve Johnson, San Jose Mercury News, Calif.  Jan. 31--Financially burdened by its purchase in November of two companies, Gilead Sciences of Foster City today reported a net loss of $1.67 billion dollars for the fourth quarter of last year.
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By Kathleen M. Howley BLOOMBERG NEWS  Los Angeles-based KB Home, the sixth-largest U.S. homebuilder, reduced its earnings forecast Wednesday, saying a plunge in new orders will cause profit to fall in fiscal 2006 as higher mortgage rates chill demand.
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FuelCell Energy reports a better-than-expected quarterly loss.
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Knight Trading Group Inc., an equities trading company serving institutional and broker-dealer clients, said Wednesday that it will report a third-quarter operating loss of 1 cent to 4 cents per share due to poor performance in its equity market trading
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Knight Trading Group Inc., an equities trading company serving institutional and broker-dealer clients, said Wednesday that it will report a third-quarter operating loss of 1 cent to 4 cents per share due to poor performance in its
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The nationâs largest homebuilder posted a first-quarter loss of $128.8 million on charges to write off inventory and land values amid the continuing housing slump.
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The discount broker posts a loss as mortgage-related losses mount.
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KB Home, one of the nation's biggest builders, yesterday posted an unexpectedly large $772.7 million quarterly loss as industry experts predicted more dismal results from other builders in coming weeks and said a turnaround in the housing market may not come until 2009 or beyond.
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KB Home announces large loss, and an industry trade group releases data that show falling home sales.