CalAtlantic Beats Estimates

BuilderOnline

CalAtlantic Group, Inc. (NYSE: CAA) on Wednesday after market close announced net income of $167.0 million, or $1.25 per diluted share, for the fourth quarter ended Dec. 31, 2016., compared with net income of $77.5 million, or $0.56 per diluted share in the prior year quarter. Analysts polled by Dow Jones were expecting a profit of $1.09 per share.

Read More

Previous Redondo Beach Rejects Deal with Legado for 115 Units on PCH
Next All 31 Townhomes at Brandywine Homes' Sunstone Development in Norwalk Sold

About author

Michael Anderson
Michael Anderson 249 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

View all posts by this author →

You might also like

People

Housing Industry Poised For More Growth In 2017

IRVINE, CA—A number of factors pull in this sector’s direction, such as jobs, household formations and a lack of supply supported by the demographics of Millennials and Baby Boomers, TRI

Homebuilders / Land Developers

DR Horton Reports Strong 1Q Earnings

Homebuilding bellwether, DR Horton, the largest homebuilder by revenue in the country, reported earnings of 39 cents a share or $142.5M for its fiscal year first quarter. This was up

Homebuilders / Land Developers

2016 Builder Of The Year: CalAtlantic Group

Three times a year, the Harvard Joint Center for Housing Studies Policy Advisory Board (PAB) meets, typically, once in Washington, D.C.; once in Cambridge, Mass.; and once in a third,