Century Communities tops Street 4Q forecasts

GREENWOOD VILLAGE, Colo. (AP) _ Century Communities Inc. (CCS) on Tuesday reported fourth-quarter earnings of $17.2 million.

On a per-share basis, the Greenwood Village, Colorado-based company said it had profit of 60 cents. Earnings, adjusted for pretax expenses, came to $1.01 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.

The single-family homebuilder posted revenue of $518.8 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $507.3 million.

For the year, the company reported profit of $50.3 million, or $2.03 per share. Revenue was reported as $1.41 billion.

Century Communities shares have fallen almost 6 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $29.25, a climb of 30 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CCS at https://www.zacks.com/ap/CCS

Source Article

Be the first to comment

Leave a Reply

Your email address will not be published.


*