Yahoo! - "KB Home posts quarterly net loss after charges" (2-13-07)

"KB Home (NYSE:KBH - News), a leading U.S. home builder, on Tuesday posted a smaller-than-expected quarterly net loss after a $343.3 million noncash for declining land values, sending its shares up 1.6 percent."

"The company reported a net loss of $49.6 million, or 64 cents per share, for the fiscal fourth quarter that ended November 30, compared with net income of $304.4 million, or $3.44 per share, a year earlier."