M/I Homes Inc. (MHO) announced a profit for its fourth quarter that increased from last year but missed the Street estimates.
The company's bottom line totaled $133.469 million, or $4.71 per share. This compares with $105.282 million, or $3.66 per share, last year.
Analysts on average had expected the company to earn $4.83 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 23.9% to $1.205 billion from $972.588 million last year.
M/I Homes Inc. earnings at a glance (GAAP) :
-Earnings: $133.469 Mln. vs. $105.282 Mln. last year.
-EPS: $4.71 vs. $3.66 last year.
-Revenue: $1.205 Bln vs. $972.588 Mln last year.
MHO was up by 3.31 percent at $139.74 in the pre-market trade on the New York Stock Exchange.
For comments and feedback: editorial@rttnews.com