Ryland Group Q1 Profit Rises - Quick Facts

(RTTNews) - The Ryland Group, Inc. (RYL) reported first-quarter net income from continuing operations of $23.5 million, or $0.42 per share, compared to $22.0 million, or $0.43 per share, previous year.

On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of $0.45 for the quarter. Analysts' estimates typically exclude special items.

Revenues totaled $489.7 million, representing a 30.7 percent increase from $374.7 million, prior year. Analysts expected revenue of $473.18 million for the quarter.

Homebuilding revenues increased 32.5 percent to $481.5 million from $363.5 million. New orders increased 6.6 percent to 2,186 units for the quarter ended March 31, 2014, from 2,051 units for the same period in 2013.