Tri Pointe: 2Q Earnings Snapshot
IRVINE, Calif. (AP) _ Tri Pointe Homes Inc. (TPH) on Thursday reported second-quarter profit of $26.3 million.
The Irvine, California-based company said it had profit of 18 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.
The home builder posted revenue of $698.7 million in the period. Its adjusted revenue was $698 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $631.8 million.
Tri Pointe shares have risen 17% since the beginning of the year. The stock has declined 20% in the last 12 months.