India, March 24 -- KB Home (KBH) reported a profit for first quarter that decreased from last year and missed the Street estimates.
The company's earnings came in at $109.56 million, or $1.49 per share. This compares with $138.66 million, or $1.76 per share, last year.
Analysts on average had expected the company to earn $1.59 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 5.2% to $1.391 billion from $1.467 billion last year.
KB Home earnings at a glance (GAAP) :
-Earnings: $109.56 Mln. vs. $138.66 Mln. last year.-EPS: $1.49 vs. $1.76 last year.-Revenue: $1.391 Bln vs. $1.467 Bln last year.
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