SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — Taylor Morrison Home Corp. (TMHC) on Wednesday reported third-quarter profit of $251.1 million.
The Scottsdale, Arizona-based company said it had net income of $2.37 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.06 per share.
The home builder posted revenue of $2.12 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $1.99 billion.
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