Taylor Morrison Home Corp. (TMHC) reported earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at $242.45 million, or $2.30 per share. This compares with $172.59 million, or $1.58 per share, last year.
Excluding items, Taylor Morrison Home Corp. reported adjusted earnings of $277.76 million or $2.64 per share for the period.
Analysts on average had expected the company to earn $2.38 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 16.7% to $2.356 billion from $2.019 billion last year.
Taylor Morrison Home Corp. earnings at a glance (GAAP) :
-Earnings: $242.45 Mln. vs. $172.59 Mln. last year.
-EPS: $2.30 vs. $1.58 last year.
-Revenue: $2.356 Bln vs. $2.019 Bln last year.
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