KB Home Q3 Profit Advances 28%

(RTTNews) - KB Home (KBH) announced earnings for its third quarter that gained ground from last year.

The company said its bottom line came in at $50.21 million, or $0.51 per share. This was higher than $39.36 million, or $0.42 per share, in last year's third quarter.

Analysts had expected the company to earn $0.46 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 25.3% to $1.14 billion. This was up from $0.91 billion last year.

KB Home earnings at a glance:

-Earnings (Q3): $50.21 Mln. vs. $39.36 Mln. last year. -Earnings Growth (Y-o-Y): 27.6% -EPS (Q3): $0.51 vs. $0.42 last year. -EPS Growth (Y-o-Y): 21.4% -Analysts Estimate: $0.46 -Revenue (Q3): $1.14 Bln vs. $0.91 Bln last year. -Revenue Change (Y-o-Y): 25.3%