GREENWOOD VILLAGE, Colo. (AP) — GREENWOOD VILLAGE, Colo. (AP) — Century Communities Inc. (CCS) on Wednesday reported first-quarter earnings of $64.3 million.
The Greenwood Village, Colorado-based company said it had net income of $2 per share. Earnings, adjusted for non-recurring costs, came to $2.22 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.55 per share.
The single-family homebuilder posted revenue of $948.5 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $791.7 million.
Century Communities shares have dropped nearly 10% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $82.29, a rise of 24% in the last 12 months.
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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 CCS at https://www.zacks.com/ap/CCS
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