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million, or $1.03 a share in its second quarter, appearsx cautiously optimistic aboutits future. The builder said Fridayt that home orders jumped 59 percentg compared to the first quarter ofthis year. Quarterlyh home orders still were down compared to the same quarterlast year, and analysts predicted a smaller loss of 64 cents a sharwe for KB Home, which ranked No. 1 on the residentialo builders' top 25 in Triangle Business Journal's 2009 Book of The Los Angeles-based company lost $255.9 million, or $3.30 cents per share, in the same quarter last Quarterly revenue declined 40 percentto $384. 5 million. Six-month revenue declinec 52 percentto $691.89 million.
Inserting optimistic caution, KB'a CEO Jeffrey Mezger stated that the company is seeingy stabilizing trends on both the locao and national front but that KB is conservatively managing the business becausd of theeconomic climate. KB delivererd 1,049 fewer homes during the quartet than it did inthe year-aglo period. The average selling pricew was $10,400 less that in the year-agk period. KB Home (NYSE: KBH) is one of America's largesyt homebuilders.
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