05.02.2015 23:04:53
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Standard Pacific Profit Edges Down, Yet Tops Estimates
(RTTNews) - Home builder Standard Pacific Corp (SPF) on Thursday reported fourth-quarter net earnings to common stockholders of $49 million or $0.16 per share compared with $49.2 million last year.
Revenues for the quarter were $753.6 million compared with $606.5 million in the prior year.
Analysts polled by Thomson Reuters estimated earnings of $0.15 per share on revenues of $686.7 million for the quarter. Analysts' estimates typically exclude special items.
Results were hurt by gross margin that fell to 24.2% from 26.8% last year, and selling and other expenses were higher by about $11 million, the company said.
![](https://images.finanzen.at/images/unsortiert/wertpapierdepot-absichern-aktienchart-boerse-750493204-260.jpg)
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