Skyline Corp. Reports Advance In Q1 Bottom Line

(RTTNews) - Skyline Corp. (SKY) revealed earnings for its first quarter that advanced from last year.

The company's profit came in at $42.9 million, or $0.75 per share. This compares with $11.9 million, or $0.21 per share, in last year's first quarter.

Analysts had expected the company to earn $0.51 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 86.7% to $510.2 million from $273.3 million last year.

Skyline Corp. earnings at a glance:

-Earnings (Q1): $42.9 Mln. vs. $11.9 Mln. last year. -EPS (Q1): $0.75 vs. $0.21 last year. -Analysts Estimate: $0.51 -Revenue (Q1): $510.2 Mln vs. $273.3 Mln last year.