KB Home Posts Upbeat Q2 Sales, Joins Inmode, Icon And Other Big Stocks Moving Higher On Wednesday - Tesla

U.S. stocks were higher, with the Nasdaq Composite gaining more than 50 points on Wednesday.

Shares of KB Home (NYSE:KBH) rose sharply after the company reported financial results for the second quarter.

KB Home reported second-quarter revenue of $1.11 billion, beating analyst estimates of $1.10 billion, according to Benzinga Pro.

The homebuilder reported second-quarter earnings of 43 cents per share, missing analyst estimates of 45 cents per share.

KB Home shares jumped 16.2% to $61.26 on Wednesday.