New Home: 4Q Earnings Snapshot
ALISO VIEJO, Calif. (AP) _ The New Home Co. (NWHM) on Friday reported a fourth-quarter loss of $16.2 million, after reporting a profit in the same period a year earlier.
The Aliso Viejo, California-based company said it had a loss of 80 cents per share. Earnings, adjusted for asset impairment costs, came to 28 cents per share.
The homebuilder posted revenue of $229.7 million in the period.
For the year, the company reported a loss of $14.2 million, or 69 cents per share, swinging to a loss in the period. Revenue was reported as $667.6 million.
New Home shares have climbed 31 percent since the beginning of the year. The stock has declined 42 percent in the last 12 months.