LOS ANGELES (AP) _ KB Home (KBH) on Wednesday reported fiscal first-quarter net income of $134.3 million.

On a per-share basis, the Los Angeles-based company said it had profit of $1.47.

The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.52 per share.

The homebuilder posted revenue of $1.4 billion in the period, which also missed Street forecasts. Five analysts surveyed by Zacks expected $1.49 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KBH at https://www.zacks.com/ap/KBH

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