M/I Homes Inc. (MHO) released earnings for first quarter that decreased from last year and missed the Street estimates.
The company's bottom line totaled $111.24 million, or $3.98 per share. This compares with $138.06 million, or $4.78 per share, last year.
Analysts on average had expected the company to earn $4.16 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 6.7% to $976.09 million from $1.046 billion last year.
M/I Homes Inc. earnings at a glance (GAAP) :
-Earnings: $111.24 Mln. vs. $138.06 Mln. last year.
-EPS: $3.98 vs. $4.78 last year.
-Revenue: $976.09 Mln vs. $1.046 Bln last year.
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