Life

One person died in a Golden house fire early Thursday morning.

KB Home Stock Jumps 10% On Quarterly Results

Shares of KB Home (KBH) are gaining over 10% on Thursday morning driven by the homebuilder’s fourth-quarter results. KBH is currently trading at $46.79, up $4.41 or 10.41%, on the NYSE. The stock has traded between $34.55 and $52.48 in the 52-week period.

KB Home’s fourth-quarter profit rose from last year, as revenues surged 40% reflecting increase in homes delivered and selling price.

Fourth-quarter profit rose to $174.2 million or $1.91 per share, up from $106.1 million or $1.12 per share last year. Analysts polled by Thomson Reuters estimated earnings of $1.76 per share for the quarter. Analysts’ estimates typically exclude one-time items.

Revenues for the quarter surged 40% to $1.68 billion from $1.19 billion last year. Analysts had a consensus revenue estimate of $1.71 billion for the quarter.

The company said homes delivered for the quarter rose 28% to 3,679, while average selling price increased 9% to $451,100.

Looking forward to the full year 2022, the company expects housing revenues in the range of $7.20 billion to $7.60 billion and average selling price of $480,000 to $490,000.

Opinion | Trump’s Pride Goeth Before Our Fall

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By Frank Bruni

Contributing Opinion Writer

Watch: Colorado Gov. Jared gives his 2022 State of the State address

Colorado Gov. Jared Polis will be giving his annual State of the State address at 11 a.m. Thursday in the Colorado Capitol, the final of his first term in office.

Polis is expected to focus much of his speech on saving Coloradans’ money amid a global pandemic and influx of money coming in from the federal government.

What Is Driving ISpecimen Stock Up 7%?

Shares of iSpecimen Inc. (ISPC) are gaining over 7% on Thursday morning after the company announced that it has expanded support of COVID-19 research with availability of sequenced specimens to detect variants.

ISPC is currently trading at $7.34, up $0.51 or 7.47%, on the Nasdaq.

iSpecimen announced the expansion of its supplier capabilities with the addition of a reference lab in New York to support commercial and government customers focused on COVID-19 research, including analyzing the Omicron and Delta variants. The reference lab, a recent addition to the iSpecimen supplier network, has the capacity to sequence hundreds of COVID-19 positive swabs per week, providing data that is crucial in the fight against the virus. This lab is sequencing the most recent swabs to identify new variants of COVID-19 as the virus continues to progress globally.

Opinion | We Must Stop Showering the Military With Money

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By Farhad Manjoo

Opinion Columnist

Crime will create a 'recession of unprecedented proportions,' retail expert warns

Rising crime to exacerbate ‘proverbial retail wasteland’: Expert

Strategic Resource Group Managing Director Burt Flickinger warns rising crime and thefts will lead to a retail ‘recession of unprecedented proportions.’

While reacting to continued supply chain disruptions and empty shelves across America, Strategic Resource Group Managing Director Burt Flickinger warned that organized crime and thefts will only worsen the "proverbial retail wasteland" shoppers are seeing now.

DALLAS DRUG STORE SHELVES WIPED OUT OF COLD MEDICINE AMID OMICRON SURGE: ‘NEW TOILET PAPER SHORTAGE’

BURT FLICKINGER: It is a proverbial retail wasteland… People can't get their prescriptions filled at Duane Reade because of limited availability of workers and security…

Crime is going to create a recession of unprecedented proportions between workers not being able to work, shoppers not being able to shop and retailers not being able to sell.

WATCH THE FULL INTERVIEW BELOW

Manufacturers ‘bare the shame’ on empty shelves: Flickinger

Strategic Resource Group Managing Director Burt Flickinger says retailers are not to blame for empty store shelves.

One person died in a Golden house fire early Thursday morning.

One person died in a fully involved house fire in Golden early Thursday morning.

At 5:20 a.m. firefighters responded to a fire at a single-family home on West 17th Place, according to the Golden Fire Department.

Firefighters from Golden, Fairmount, Pleasant View and West Metro fire battled a fully involved garage fire that spread into the attic and the home. After the fire was extinguished, investigators confirmed one fatality when human remains were found in the debris. Investigators remained on the scene Thursday afternoon.

An investigation into the cause of the fire is ongoing.