THE WOODLANDS, Texas (AP) — THE WOODLANDS, Texas (AP) — LGI Homes Inc. (LGIH) on Tuesday reported third-quarter net income of $69.6 million.
On a per-share basis, the The Woodlands, Texas-based company said it had profit of $2.95.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.53 per share.
The entry-level homebuilder in the Texas, Arizona, Florida and Georgia markets posted revenue of $651.9 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $641.8 million.
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