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KB Home Profit Advances In Q2, Beats estimates

KB Home (KBH) announced earnings for its second quarter that increased from the same period last year and beat the Street estimates.

The company's earnings came in at $210.67 million, or $2.32 per share. This compares with $143.36 million, or $1.50 per share, in last year's second quarter.

Analysts on average had expected the company to earn $2.01 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 19.4% to $1.72 billion from $1.44 billion last year.

KB Home earnings at a glance (GAAP) :

-Earnings (Q2): $210.67 Mln. vs. $143.36 Mln. last year.
-EPS (Q2): $2.32 vs. $1.50 last year.
-Analyst Estimate: $2.01
-Revenue (Q2): $1.72 Bln vs. $1.44 Bln last year.

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