MDC Holdings Inc. (MDC) revealed earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $119.507 million, or $1.56 per share. This compares with $79.776 million, or $1.08 per share, in last year's fourth quarter.
Analysts on average had expected the company to earn $1.49 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 12.0% to $1.309 billion from $1.487 billion last year.
MDC Holdings Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $119.507 Mln. vs. $79.776 Mln. last year.
-EPS (Q4): $1.56 vs. $1.08 last year.
-Analyst Estimate: $1.49
-Revenue (Q4): $1.309 Bln vs. $1.487 Bln last year.
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