Here's Why KB Home Stock Is Jumping Today

Here's Why KB Home Stock Is Jumping Today

Shares of KB Home (NYSE: KBH) are up 9.4% as of 3:37 p.m. EDT after the homebuilder reported better-than-expected earnings and calmed investors' fears about the impact of recent hurricanes and an unfortunate situation involving the company's CEO.

KB Home beat analysts' expectations on both the top and bottom lines. Earnings came in at $0.51 per share, $0.05 above expectations, and while the market was looking for revenue of $1.12 billion, the company delivered $1.14 billion. In addition, KB Home delivered 2,765 homes in the quarter, 29 more than expected.

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Source: Fool.com