Deliveries, orders and backlog all increase.
KB Home (NYSE: KBH) after market close Wednesday reported net income of $47.5 million, or $.51 per diluted share, for its second quarter ended May 31, 2019. The gain compared to $57.3 million, or $.57 per diluted share in the prior-year quarter. The gain beat analyst expectations for a net of $0.39 per share.
Shares of KBH shot up nearly 6% to $24.94 in after-market trading Wednesday.