KB Home Profit Declines In Q2, But Beats Estimates

(RTTNews) - KB Home (KBH) reported earnings for second quarter that decreased from the same period last year but beat the Street estimates.

The company's bottom line came in at $107.88 million, or $1.50 per share. This compares with $168.42 million, or $2.15 per share, last year.

Analysts on average had expected the company to earn $1.47 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 10.5% to $1.529 billion from $1.709 billion last year.

KB Home earnings at a glance (GAAP) :

-Earnings: $107.88 Mln. vs. $168.42 Mln. last year. -EPS: $1.50 vs. $2.15 last year. -Revenue: $1.529 Bln vs. $1.709 Bln last year.