Taylor Morrison: 3Q Earnings Snapshot
SCOTTSDALE, Ariz. (AP) _ Taylor Morrison Home Corp. (TMHC) on Wednesday reported third-quarter earnings of $67 million.
The Scottsdale, Arizona-based company said it had profit of 63 cents per share. Earnings, adjusted to extinguish debt, were 65 cents per share.
The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 65 cents per share.
The home builder posted revenue of $1.11 billion in the period.
Taylor Morrison shares have climbed 66% since the beginning of the year. The stock has increased 72% in the last 12 months.