KB Home Q3 Profit Drops 18%

(RTTNews) - KB Home (KBH) released earnings for third quarter that lost ground compared to the same period last year.

The company said its bottom line came in at $23.25 million, or $0.23 per share. This was lower than $28.36 million, or $0.28 per share, in last year's third quarter.

Analysts had expected the company to earn $0.22 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 43.3% to $840.20 million. This was up from $586.23 million last year.

KB Home earnings at a glance:

-Earnings (Q3): $23.25 Mln. vs. $28.36 Mln. last year.
-Earnings Decline (Y-o-Y): -18.0%
-EPS (Q3): $0.23 vs. $0.28 last year.
-EPS Decline (Y-o-Y): -17.9%
-Analysts Estimate: $0.22
-Revenue (Q3): $840.20 Mln vs. $586.23 Mln last year.
-Revenue Change (Y-o-Y): 43.3%