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Century Communities: 1Q Earnings Snapshot

GREENWOOD VILLAGE, Colo. (AP) _ Century Communities Inc. (CCS) on Thursday reported first-quarter earnings of $17.1 million.

On a per-share basis, the Greenwood Village, Colorado-based company said it had net income of 56 cents. Earnings, adjusted for non-recurring costs, were 60 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.

The single-family homebuilder posted revenue of $533.1 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $470.7 million.

Century Communities shares have climbed 47% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $25.35, a decline of 15% 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