KB Home (KBH) is ending the week on a high note, after the homebuilder comfortably surpassed Wall Street's fiscal fourth-quarter earnings expectations. Bright and early Friday morning, KBH announced quarterly net income of $17.4 million, or 23 cents per share, on revenue of $451 million. Adjusted housing gross margins improved to 19.7% from 19%.

This marks KBH's first quarterly profit, without the aid of tax gains, in almost four years. Analysts were anticipating KBH to swallow a deficit of 17 cents per share on revenue of $441.3 million, so these results definitely qualify as a positive surprise.

General Growth Properties (GGWPQ), the mall operator that shuffled into bankruptcy protection last year, says it has applied to list its shares on the New York Stock Exchange (NYSE) once again. The company hopes to begin trading on the Big Board as of March 5, using its previous ticker of GGP.

"Trading again on the NYSE will mark an important milestone in GGP's restructuring process," said CEO Adam Metz in a press release. The shares currently trade over the counter.

It has definitely been a rocky earnings season so far. We have seen our fair share of surprises... both positive and negative over the past few weeks, and tomorrow will be Cisco Systems (NASDAQ: CSCO)'s turn to report. The stock rose slightly today ahead of tomorrow's earnings, trading up 0.1 percent to $29.50 up 4 pennies.

Analysts are expecting to see the company show earnings tomorrow afternoon of 35 cents per share when it reports its fiscal fourth quarter numbers following the market close. If history is any indication, I would not be surprised to see the company at least match estimates for the quarter. Cisco has a very strong track record when it comes to earnings reports.

One analyst, Bill Choi from Jefferies and Co., told his clients that the company ended the year "on a strong note" and that he would not be surprised to see the company come in with estimate beating numbers for the quarter.

The company is going to report earnings shortly after the market closes tomorrow, and then will host its quarterly conference call starting at 4:30 PM EDT. We will be liveblogging tomorrow afternoon's call in its entirety, so be sure to check tomorrow afternoon for all the details on the company's quarter.

Michael Fowlkes has worked as a stock trader for seven years and spent the last two years working as an analyst for the online investment advisory service Investor's Observer.