Taylor Morrison Home Corp. (TMHC) released earnings for its first quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $213.46 million, or $2.07 per share. This compares with $190.27 million, or $1.75 per share, last year.
Excluding items, Taylor Morrison Home Corp. reported adjusted earnings of $224.88 million or $2.18 per share for the period.
Analysts on average had expected the company to earn $1.90 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 11.6% to $1.896 billion from $1.699 billion last year.
Taylor Morrison Home Corp. earnings at a glance (GAAP) :
-Earnings: $213.46 Mln. vs. $190.27 Mln. last year.
-EPS: $2.07 vs. $1.75 last year.
-Revenue: $1.896 Bln vs. $1.699 Bln last year.
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