KB Home Earnings Advance 63% In Q2

(RTTNews) - KB Home (KBH) announced a profit for its second quarter that gained ground from last year.

The company said its bottom line rose to $15.60 million, or $0.17 per share. This was higher than $9.57 million, or $0.10 per share, in last year's second quarter.

Analysts had expected the company to earn $0.14 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 30.2% to $808.46 million. This was up from $620.80 million last year.

KB Home earnings at a glance:

-Earnings (Q2): $15.60 Mln. vs. $9.57 Mln. last year. -Earnings Growth (Y-o-Y): 63.0% -EPS (Q2): $0.17 vs. $0.10 last year. -EPS Growth (Y-o-Y): 70.0% -Analysts Estimate: $0.14 -Revenue (Q2): $808.46 Mln vs. $620.80 Mln last year. -Revenue Change (Y-o-Y): 30.2%