Century Communities: 4Q Earnings Snapshot
GREENWOOD VILLAGE, Colo. (AP) _ Century Communities Inc. (CCS) on Thursday reported fourth-quarter earnings of $53.4 million.
The Greenwood Village, Colorado-based company said it had profit of $1.63 per share. Earnings, adjusted for non-recurring gains, were $1.50 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.27 per share.
The single-family homebuilder posted revenue of $792.5 million in the period.
For the year, the company reported profit of $113 million, or $3.62 per share. Revenue was reported as $2.54 billion.
Century Communities shares have risen 16% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $31.84, a climb of 34% in the last 12 months.