KB Home Q3 Profit Climbs

(RTTNews) - KB Home (KBH) released a profit for its third quarter that increased from the same period last year.

The company's bottom line totaled $87.48 million, or $0.87 per share. This compares with $50.21 million, or $0.51 per share, in last year's third quarter.

Analysts had expected the company to earn $0.77 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.0% to $1.23 billion from $1.15 billion last year.

KB Home earnings at a glance:

-Earnings (Q3): $87.48 Mln. vs. $50.21 Mln. last year. -EPS (Q3): $0.87 vs. $0.51 last year. -Analysts Estimate: $0.77 -Revenue (Q3): $1.23 Bln vs. $1.15 Bln last year.