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New Home: 4Q Earnings Snapshot

February 15, 2019

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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NWHM at https://www.zacks.com/ap/NWHM