Taylor Morrison: Q4 Earnings Snapshot

SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — Taylor Morrison Home Corp. (TMHC) on Wednesday reported fourth-quarter earnings of $275.3 million.

The Scottsdale, Arizona-based company said it had profit of $2.51 per share. Earnings, adjusted for one-time gains and costs, came to $2.93 per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.91 per share.

The home builder posted revenue of $2.49 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $2.48 billion.

For the year, the company reported profit of $1.05 billion, or $9.06 per share. Revenue was reported as $8.22 billion.


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

Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

More from WTOP

Log in to your WTOP account for notifications and alerts customized for you.

Sign up