U.S. Markets open in 8 hrs 49 mins

A V Homes posts 4Q profit

SCOTTSDALE, Ariz. (AP) _ A V Homes Inc. (AVHI) on Thursday reported fourth-quarter earnings of $17.1 million.

On a per-share basis, the Scottsdale, Arizona-based company said it had net income of 68 cents.

The homebuilder posted revenue of $261.7 million in the period.

For the year, the company reported profit of $147.1 million, or $5.66 per share. Revenue was reported as $779.3 million.

A V Homes shares have risen roughly 6 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $16.70, a climb of 83 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 AVHI at https://www.zacks.com/ap/AVHI

_____

Keywords: A V Homes, Earnings Report