William Lyon Homes Turns To Profit In Q3 - Quick Facts

(RTTNews) - William Lyon Homes (WLH), a homebuilder in the Western U.S., reported third-quarter net income available to stockholders of $7.56 million or $0.24 per share, compared to a loss of $1.51 million or $0.12 per share, a year ago.

On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.25 for the quarter. Analysts' estimates typically exclude special items.

Home sales revenue increased 84% to $141.4 million from $76.6 million. The company said the increase in home sales revenue was due to a 33% increase in deliveries coupled with a 39% increase in the average sales price of homes delivered.

Operating revenues rose year-over-year to $150.83 million, from $92.99 million. Analysts expected revenue of $136.53 million, for the quarter.