Latest News by Industry
SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — Taylor Morrison Home Corp. (TMHC) on Wednesday reported fourth-quarter profit of $172.6 million.
The Scottsdale, Arizona-based company said it had net income of $1.58 per share. Earnings, adjusted for non-recurring costs, came to $2.05 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.76 per share.
The home builder posted revenue of $2.02 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $1.86 billion.
For the year, the company reported profit of $768.9 million, or $6.98 per share. Revenue was reported as $7.42 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TMHC at https://www.zacks.com/ap/TMHC