New Home: 2Q Earnings Snapshot
ALISO VIEJO, Calif. (AP) _ The New Home Co. (NWHM) on Tuesday reported second-quarter net income of $1.6 million.
The Aliso Viejo, California-based company said it had net income of 8 cents per share. Earnings, adjusted to extinguish debt, came to 6 cents per share.
The homebuilder posted revenue of $162.7 million in the period.
The company’s shares closed at $4.27. A year ago, they were trading at $8.78.