Century Communities: Q3 Earnings Snapshot

GREENWOOD VILLAGE, Colo. (AP) — GREENWOOD VILLAGE, Colo. (AP) — Century Communities Inc. (CCS) on Wednesday reported third-quarter net income of $83.2 million.

On a per-share basis, the Greenwood Village, Colorado-based company said it had net income of $2.58.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.59 per share.

The single-family homebuilder posted revenue of $889.4 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $801.9 million.

Century Communities shares have risen 16% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $58.04, a rise of 23% in the last 12 months.

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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