KB Home shares rallied in the extended session Wednesday after the homebuilder topped Wall Street estimates for the quarter and said backlogs and order values grew. KB Home shares jumped 8.5% to $14.21 after hours. The company reported fiscal first-quarter earnings of 14 cents a share on revenue of $678.4 million. Analysts surveyed by FactSet had forecast earnings of 11 cents a share on revenue of $632.9 million. KB Home said its year-over-year backlog grew by 29% to $1.43 billion, and net order value rose 9% to $824.7 million.
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