INCLINE VILLAGE, Nev. (AP) — INCLINE VILLAGE, Nev. (AP) — Tri Pointe Homes Inc. (TPH) on Tuesday reported fourth-quarter profit of $129.2 million.
The Incline Village, Nevada-based company said it had net income of $1.37 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.
The home builder posted revenue of $1.23 billion in the period. Its adjusted revenue was $1.22 billion, which also topped Street forecasts. Three analysts surveyed by Zacks expected $1.2 billion.
For the year, the company reported profit of $458 million, or $4.83 per share. Revenue was reported as $4.39 billion.
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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 TPH at https://www.zacks.com/ap/TPH
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