Taylor Morrison: 2Q Earnings Snapshot
SCOTTSDALE, Ariz. (AP) _ Taylor Morrison Home Corp. (TMHC) on Wednesday reported second-quarter earnings of $58.7 million.
On a per-share basis, the Scottsdale, Arizona-based company said it had net income of 52 cents.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.
The home builder posted revenue of $980.8 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $912.1 million.
Taylor Morrison shares have declined 20 percent since the beginning of the year. The stock has fallen 14 percent in the last 12 months.