Taylor Morrison: 2Q Earnings Snapshot
SCOTTSDALE, Ariz. (AP) _ Taylor Morrison Home Corp. (TMHC) on Wednesday reported second-quarter net income of $81.9 million.
The Scottsdale, Arizona-based company said it had profit of 76 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.
The home builder posted revenue of $1.27 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $1.13 billion.
Taylor Morrison shares have climbed 41% since the beginning of the year. The stock has climbed 17% in the last 12 months.