The homebuilder's revenue increased 73% to $524.4 million from $302.9 million from a year-ago quarter. Wall Street analysts expected KB Home to report a loss of 4 cents a share on sales of $524 million, according to a survey by FactSet.

The firm said homes delivered rose 39% versus the previous quarter to 1,797 homes, marking the seventh consecutive quarter of year-over-year growth, MarketWatch reported.