KB Home (KBH +1.9%) gains today after its FQ1 easily beat estimates on a 59% jump in total...

|About: KB Home (KBH)|By:, SA News Editor

KB Home (KBH +1.9%) gains today after its FQ1 easily beat estimates on a 59% jump in total revenue. Net losses narrowed as the home builder recorded strong revenue and margin growth, while prices, deliveries and orders also climbed. CEO Jeffrey Mezger notes that revenue growth was driven by both higher deliveries and increased pricing power, reflecting the company's land repositioning initiatives and a shift in consumer demand to larger homes.