SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — Taylor Morrison Home Corp. (TMHC) on Wednesday reported fourth-quarter profit of $174 million.
The Scottsdale, Arizona-based company said it had profit of $1.76 per share. Earnings, adjusted for one-time gains and costs, were $1.91 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.73 per share.
The home builder posted revenue of $2.1 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $1.95 billion.
For the year, the company reported profit of $782.5 million, or $7.77 per share. Revenue was reported as $8.12 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TMHC at https://www.zacks.com/ap/TMHC
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