TRI Pointe Homes, Inc. (TPH) released a profit for third quarter that Decreased from the same period last year but beat the Street estimates.
The company's earnings totaled $56.144 million, or $0.64 per share. This compares with $111.759 million, or $1.18 per share, last year.
Excluding items, TRI Pointe Homes, Inc. reported adjusted earnings of $62.207 million or $0.71 per share for the period.
Analysts on average had expected the company to earn $0.52 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 25.7% to $836.871 million from $1.127 billion last year.
TRI Pointe Homes, Inc. earnings at a glance (GAAP) :
-Earnings: $56.144 Mln. vs. $111.759 Mln. last year.-EPS: $0.64 vs. $1.18 last year.-Revenue: $836.871 Mln vs. $1.127 Bln last year.
TPH was up by 5.29% at $34.61 in the pre-market trade on the New York Stock Exchange.
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