LGI Homes Inc Profit Drops In Q4, Misses Estimates

(RTTNews) - LGI Homes Inc (LGIH) announced earnings for fourth quarter that decreased from the same period last year and missed the Street estimates.

The company's earnings totaled $50.87 million, or $2.15 per share. This compares with $52.09 million, or $2.19 per share, last year.

Analysts on average had expected the company to earn $2.18 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 8.4% to $557.40 million from $608.41 million last year.

LGI Homes Inc earnings at a glance (GAAP) :

-Earnings: $50.87 Mln. vs. $52.09 Mln. last year. -EPS: $2.15 vs. $2.19 last year. -Revenue: $557.40 Mln vs. $608.41 Mln last year.