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March 26, 2020, 4:42 p.m. EDT

KB Home stock rise after earnings beat

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By Max A. Cherney

KB Home /zigman2/quotes/206220859/composite KBH +4.06% shares rose 8.5% in the extended session Thursday after the company topped consensus earnings estimates. KB Home reported first-quarter net income of $59.7 million, which amounts to 63 cents a share, versus net income of $30 million, or 31 cents a share, in the year-ago period. Revenue rose to $1.08 billion from $811.5 million in the year-ago period. Analysts surveyed by FactSet had estimated earnings of 45 cents a share on revenue of $957.7 million. The company said that it was withdrawing its 2020 guidance due to the COVID-19 pandemic. KB Home stock has fallen 21% in the past year, with the S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.24% rising 12.2%.

/zigman2/quotes/206220859/composite
US : U.S.: NYSE
$ 30.53
+1.19 +4.06%
Volume: 1.62M
May 22, 2020 4:00p
P/E Ratio
9.60
Dividend Yield
1.18%
Market Cap
$2.76 billion
Rev. per Employee
$2.37M
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/zigman2/quotes/210599714/realtime
US : S&P US
2,955.45
+6.94 +0.24%
Volume: 2.19B
May 22, 2020 5:09p
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