Among the earnings stories for Friday, June 27, from AP Financial News:
Top stories:
LOS ANGELES (AP) _ KB Home, one of the nation's largest home builders, reported a larger second-quarter loss Friday, as weak sales and falling home prices led to a 55 percent drop in revenue. The company also booked charges to lower the value of unsold homes, joint venture deals and land option contracts.
Other stories:
NEW YORK (AP) _ Canadian cable television and Internet services provider Shaw Communications Inc. said Friday its fiscal third-quarter profit climbed 39 percent year-over-year on higher sales.
GRAND RAPIDS, Mich. (AP) _ Office furniture maker Steelcase Inc. said Friday its fiscal first-quarter fell 34 percent, hurt by weak results in the U.S.
FORT WORTH, Texas (AP) _ AZZ Inc., which makes electrical products and offers galvanizing services, said Friday its fiscal first-quarter profit more than doubled as expenses fell and a recent acquisition boosted revenue.
FREMONT, Calif. (AP) _ Information technology company Synnex Corp. said Thursday its fiscal second quarter profit jumped 26 percent, topping previously issued guidance.
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