Tri Pointe Profit Slips On Geographic Shift
Builder Online
TRI Pointe Group, Inc. (NYSE:TPH), Irvine, Calif., on Wednesday reported net income of $57.9 million, or $0.36 per share, for the fourth quarter ended Dec. 31, compared to net income of $85.1 million, or $0.52 per diluted share for the fourth quarter of 2015. The company attributed the decrease to lower home sales revenue and a $33.9 million decrease in home building gross margin, resulting in a 220 basis point decrease in home building gross margin percentage. The gain met analyst expectations.
About author
You might also like
For Frontier Enterprises, a Muted Entry into Medical Marijuana in Adelanto
By Shea Johnson – The massive medical marijuana park that broke ground Thursday, in an up-the-ante signal of this industry’s transformative powers, is backed by an unlikely company. Frontier Enterprises,
Pulte Beats 4Q Estimates on Both Earnings and Revenue
Pulte reported a strong 4Q 2014 with earnings and revenue that were higher than the year ago period and above analyst expectations. Profit clocked in at $217.1M or 58 cents
A Housing Pullback In 2017?
According to data compiled by the Federal Reserve Bank of New York, the 10-year term premium moved above zero for the first time in 10 months on the 14th of