Tibco Software (NASDAQ:TIBX) announced that profit during the first quarter fell by over 50 percent. Net income was $9.5 million, or 6 cents per share, versus $20.6 million, or 12 cents per share, in the same period last year. Excluding items, the company earned 18 cents per share versus 20 cents per share last year. Adjusted earnings per hsare met estimates. Revenue was higher by five percent to $237.8 million from $225.7 million below the forecast of $242.3 million.
Shares are lower by about 12.5 percent.
KB Home (NYSE:KBH) announced that it lost 16 cents per share during the first quarter, narrower than the 51 cents per share loss in the same period last year. Analysts had estimated a loss of 23 cents per share. Revenue increased by 59 percent from the same quarter last year to $405.2 million during the first quarter of 2013, due to the higher number of homes closed and and increased selling prices. Analysts expected revenue of $344 million.
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