LGI Homes: Q3 Earnings Snapshot
THE WOODLANDS, Texas (AP) — THE WOODLANDS, Texas (AP) — LGI Homes Inc. (LGIH) on Tuesday reported third-quarter net income of $67 million.
On a per-share basis, the The Woodlands, Texas-based company said it had profit of $2.84.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.96 per share.
The entry-level homebuilder in the Texas, Arizona, Florida and Georgia markets posted revenue of $617.5 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $606.7 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
