Kennedy-Wilson Holdings Swings To Q1 Profit - Quick Facts

(RTTNews) - Kennedy-Wilson Holdings, Inc. (KW) reported first-quarter net income attributable to shareholders of $10.5 million or $0.12 per share, compared to a net loss of $3.6 million or $0.06 per share in the prior-year quarter.

Excluding items, adjusted net income for the quarter was $34.3 million or $0.39 per share, compared to $13.2 million or $0.21 per share in the year-ago quarter.

On average, three analysts polled by Thomson Reuters expected the company to report a loss of $0.11 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue for the quarter more than doubled to $51.5 million from $22.8 million in the same quarter last year. Four Wall Street analysts had a consensus revenue estimate of $34.41 million for the quarter.