KB Home Q4 Profit Falls 15%

(RTTNews) - KB Home (KBH) released earnings for fourth quarter that decreased from last year.

The company said its earnings fell to $37.53 million, or $0.40 per share. This was down from $44.02 million, or $0.43 per share, in last year's fourth 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 20.2% to $1.19 billion. This was up from $0.99 billion last year.

KB Home earnings at a glance:

-Earnings (Q4): $37.53 Mln. vs. $44.02 Mln. last year. -Earnings Decline (Y-o-Y): -14.7% -EPS (Q4): $0.40 vs. $0.43 last year. -EPS Decline (Y-o-Y): -7.0% -Analysts Estimate: $0.39 -Revenue (Q4): $1.19 Bln vs. $0.99 Bln last year. -Revenue Change (Y-o-Y): 20.2%