Home builder KB Home has reported $2.59 billion total revenues in the second quarter, up 22 percent from second-quarter 2005. The company also lowered its full-year earnings forecast to $10 per diluted share, which would be a 5 percent increase over 2005 earnings. The company reported a 6 percent growth in unit delivery volume and a 15 percent increase in the average selling price. Second-quarter net income grew 14 percent from the second-quarter of 2005 to $206.6 million. Diluted earnings per share for the three months ended May 31, 2006, increased 19 percent from the year-earlier period to $2.46. For the six months ended May 31, 2006, total revenues increased 27 percent to $4.78 billion, up from $3.77 billion for the six months ended May 31, 2005. Unit deliveries in the period rose 10 ...
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