KB Home Reports 68% Gain In Q1 Bottom Line

(RTTNews) - KB Home (KBH) reported earnings for its first quarter that increased compared to the same period last year.

The company said its bottom line advanced to $13.13 million, or $0.14 per share. This was up from $7.80 million, or $0.08 per share, in last year's first quarter.

Analysts had expected the company to earn $0.11 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 16.9% to $678.37 million. This was up from $580.12 million last year.

KB Home earnings at a glance:

-Earnings (Q1): $13.13 Mln. vs. $7.80 Mln. last year. -Earnings Growth (Y-o-Y): 68.3% -EPS (Q1): $0.14 vs. $0.08 last year. -EPS Growth (Y-o-Y): 75.0% -Analysts Estimate: $0.11 -Revenue (Q1): $678.37 Mln vs. $580.12 Mln last year. -Revenue Change (Y-o-Y): 16.9%