Why KB Home Stock Popped 12.5% Thursday

Enthusiasm for KB Home (NYSE: KBH) stock is building this morning, with shares of the homebuilder up 12.5% as of 10:10 a.m. ET in response to an earnings beat last night.

Heading into the fourth quarter of 2021, analysts had forecast that KB Home would earn $1.76 per share on sales of just over $1.7 billion. As it turned out, KB beat easily on the bottom line, earning $1.91 per share, despite missing slightly on sales, which came in just below $1.7 billion.

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Source Fool.com