INCLINE VILLAGE, Nev. (AP) — INCLINE VILLAGE, Nev. (AP) — Tri Pointe Homes Inc. (TPH) on Thursday reported first-quarter profit of $64 million.
The Incline Village, Nevada-based company said it had net income of 70 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.
The home builder posted revenue of $723.4 million in the period. Its adjusted revenue was $720.8 million, which also topped Street forecasts. Three analysts surveyed by Zacks expected $702.6 million.
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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 TPH at https://www.zacks.com/ap/TPH
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