Kennedy-Wilson Swings To Q2 Profit

(RTTNews) - Kennedy-Wilson Holdings, Inc. (KW) reported net income for the second quarter of $36.3 million or $0.38 per share, compared to a net loss of $2.5 million or $0.03 per share for the year-ago quarter.

Excluding items, adjusted net income for the second quarter was $64.2 million or $0.72 per basic share, compared to $14.8 million or $0.21 per basic share for the same quarter last year.

Total revenue for the second quarter rose to $92.0 million from $36.4 million a year ago.

Analysts polled by Thomson Reuters expected the company to report a loss of $0.10 per share on revenue of $58.63 million for the second quarter. Analysts' estimates typically exclude special items.