KB Home Q1 Profit Rises, but misses estimates

KB Home (KBH) released earnings for its first quarter that increased from last year but missed the Street estimates.

The company's bottom line totaled $134.26 million, or $1.47 per share. This compares with $97.05 million, or $1.02 per share, in last year's first quarter.

Analysts on average had expected the company to earn $1.56 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 22.8% to $1.40 billion from $1.14 billion last year.

KB Home earnings at a glance (GAAP) :

-Earnings (Q1): $134.26 Mln. vs. $97.05 Mln. last year.
-EPS (Q1): $1.47 vs. $1.02 last year.
-Analyst Estimate: $1.56
-Revenue (Q1): $1.40 Bln vs. $1.14 Bln last year.

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