LGI Homes: Q2 Earnings Snapshot
THE WOODLANDS, Texas (AP) — THE WOODLANDS, Texas (AP) — LGI Homes Inc. (LGIH) on Tuesday reported second-quarter net income of $53.1 million.
On a per-share basis, the The Woodlands, Texas-based company said it had net income of $2.25.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.90 per share.
The entry-level homebuilder in the Texas, Arizona, Florida and Georgia markets posted revenue of $645.3 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $648 million.
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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 LGIH at https://www.zacks.com/ap/LGIH
