LOS ANGELES (AP) — LOS ANGELES (AP) — KB Home (KBH) on Wednesday reported fiscal fourth-quarter profit of $150.3 million.

The Los Angeles-based company said it had profit of $1.85 per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.69 per share.

The homebuilder posted revenue of $1.67 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $1.61 billion.

For the year, the company reported profit of $590.2 million, or $7.03 per share. Revenue was reported as $6.41 billion.

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