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MARKETS LIVE BLOG:

STOCKS RISE AS DOW EYES EXTENDING 6-DAY WIN STREAK

U.S. jobless claims hit highest level since August 2023

KB Home stock jumps on strong earnings

CNBC
Updated
KB Home's shares were up sharply after the company reported better-than-expected first quarter earnings on Friday.

KB Home's (KBH) shares were up sharply on Friday after the company reported better-than-expected first quarter earnings.

The homebuilder posted earnings per share of 8 cents on revenue of $580 million. Analysts polled by Thomson Reuters had expected earnings of 2 cents per share on $474.9 million in revenue.

KB Home attributed its strong numbers to more houses sold at higher prices. The company delivered 1,593 homes in the first quarter, about 10 percent higher than a year ago.

Up until Thursday's close the stock was down 13.9 percent this year.

—Reuters contributed to this report.