Ryland Group Q2 Profit Rises - Quick Facts

(RTTNews) - The Ryland Group Inc. (RYL) reported second-quarter net income of $231.2 million, or $4.16 per share, compared to $6.27 million or $0.14, last year. Excluding a reversal of the deferred tax asset valuation allowance of $187.5 million, net income totaled $43.8 million, or $0.80 per share, compared to $6.0 million, or $0.14 per share, prior year.

On average, 18 analysts polled by Thomson Reuters expected the company to report profit of $0.64 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues totaled $493.0 million, representing a 67.8 percent increase from $293.8 million, prior year. Analysts expected revenue of $492.75 million for the quarter.