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KB Home (KBH) Flying After Q1 Earnings Beat

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KB Home ( KBH ) stock jumped following its Q1 2016 earnings report.

KB Home's earnings per share for the quarter were up to 14 cents from the 8 cents reported in Q1 2015. The company's EPS came in 3 cents above what Wall Street was expecting for the quarter.

KB Home reported revenue of $678.4 million for the first quarter of 2016. This is a 17% increase from the $580.1 million that it reported during the same time last year. It was also better than the $634.0 million estimate made by analysts.

"We ended the quarter with a healthy backlog and continued positive momentum in our core homebuilding business, reinforcing our favorable outlook for the full year, Jeffrey Mezger, president and CEO of KB Home, said in a statement.

KBH shares were up 6% as of Thursday morning.

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The post KB Home (KBH) Flying After Q1 Earnings Beat appeared first on InvestorPlace .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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