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.
About author
You might also like
Deal Catapults Irvine Builder into Ranks of Nation’s Largest Builders
From start-up to behemoth, in five short years Irvine-based TRI Pointe homes catapults itself into the ranks of the nation’s largest builders (by unit closing volume) through its $2.8B merger
Oil Prices to Impact Homebuilding Stocks?
With 29% and 21% exposure for KB Home and Lennar, respectively, to Texas, in terms of community count, the potentially negative impact of lower oil prices on these homebuilders’ stocks