TRI Pointe Lowers 2015 Guidance

TRI Pointe Lowers 2015 Guidance

TRI Pointe Homes released mixed 4Q 2014 earnings on Monday. The company reported earnings of 28 cents per share, which was 2 cents higher than analyst expectations. However, the $635M in revenue reported fell short of analyst expectations of $659.7M. Most tellingly, the company lowered its full year 2015 earnings outlook citing weaker margins in its backlog and uncertainty in the Houston submarket due to lower oil prices.

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Steve Devorak
Steve Devorak 150 posts

Steve Devorak is a former Director of Land Acquisition and Project Manager with extensive experience in the Southern California land market.

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