LGI Homes Inc. (LGIH) announced fourth-quarter earnings of $136.4 million on Tuesday.
The company, based in The Woodlands, Texas, said it had a profit of $5.34 per share. Earnings were $5.18 per share, adjusted for pretax gains.
Wall Street expectations were exceeded by the results. For earnings of $3.93 per share, the average estimate of three analysts surveyed by Zacks Investment Research was.
In the Texas, Arizona, Florida and Georgia markets, the entry-level homebuilder posted revenue of $897.4 million in the period, also beating street forecasts. $830.7 million was expected by three analysts surveyed by Zacks.
The company reported $323.9 million in profit for the year, or $12.76 per share. The income was reported as 2.37 billion dollars.
Since the beginning of the year, LGI Homes shares have climbed nearly 9 percent. In the last 12 months, the stock has risen 21 percent.
