KB Home Announces 69% Advance In Q3 Earnings

(RTTNews) - KB Home (KBH) reported a profit for its third quarter that advanced compared to the same period last year.

The company said its bottom line totaled $39.36 million, or $0.42 per share. This was up from $23.25 million, or $0.23 per share, in last year's third quarter.

Analysts had expected the company to earn $0.39 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 8.3% to $913.28 million. This was up from $843.16 million last year.

KB Home earnings at a glance:

-Earnings (Q3): $39.36 Mln. vs. $23.25 Mln. last year. -Earnings Growth (Y-o-Y): 69.3% -EPS (Q3): $0.42 vs. $0.23 last year. -EPS Growth (Y-o-Y): 82.6% -Analysts Estimate: $0.39 -Revenue (Q3): $913.28 Mln vs. $843.16 Mln last year. -Revenue Change (Y-o-Y): 8.3%