Century Communities: 4Q Earnings Snapshot

February 7, 2020 GMT

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.


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