MDC 4th-Qtr Profit Up 79%
Builder Online
M.D.C. Holdings (NYSE:MDC), Denver, parent of Richmond American Homes, on Wednesday reported net income of $40.4 million, or $0.78 per share, for the fourth quarter ended Dec. 31, 2016. The profit was up 79% from $22.6 million, or $0.44 per share, for the 2015 quarter. Analysts polled by the Wall Street Journal were expecting a gain of $0.67 per share.
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