FX.co ★ KB Home Q2 Profit Advances, Beats Estimates

KB Home (KBH) reported its second-quarter earnings, showing an increase from the previous year and surpassing Wall Street predictions.

The net income for the company was $168.42 million, or $2.15 per share, compared to $164.44 million, or $1.94 per share, in the same quarter of the prior year.

Analysts, as surveyed by Thomson Reuters, had anticipated earnings of $1.80 per share on average. It is important to note that analysts' estimates generally exclude special items.

The company's revenue for the quarter experienced a decline of 3.4%, falling to $1.71 billion from $1.77 billion the previous year.

Detailed KB Home earnings overview (GAAP):

- Earnings (Q2): $168.42 million, up from $164.44 million last year.

- EPS (Q2): $2.15, compared to $1.94 in the previous year.

- Revenue (Q2): $1.71 billion, down from $1.77 billion last year.