The company posted earnings per share of $0.52, which was below the estimated $0.55 and significantly lower than the $1.49 reported in the same quarter last year. Revenue for the quarter came in at $1.08 billion, missing the consensus estimate of $1.1 billion and down from $1.39 billion in the previous year.
KB Home has provided guidance for the second quarter, projecting deliveries of between 2,250 and 2,450 homes. For the full year, the company expects to deliver between 10,000 and 11,500 homes, with anticipated revenues ranging from $4.80 billion to $5.50 billion.
Shares of KB Home were indicated at $50.35 in after-hours trading, versus the regular close of $52.90 after trading between $52.25 and $53.67 with volume reached 1.88 million shares.
 declining 4.82 percent after KB Home Q1 earnings miss expectations.){kind=link}