Beazer Homes USA Inc. (BZH) reported a profit for the third quarter that, while lower than the prior year, exceeded analysts' expectations.
The company announced earnings of $27.2 million, or $0.88 per share, compared to $43.8 million, or $1.42 per share, in the same quarter of the previous year.
According to Thomson Reuters, analysts had anticipated the company would earn $0.83 per share on average. These estimates typically exclude special items.
For the quarter, the company's revenue increased by 4.1%, rising to $595.7 million from $572.5 million the previous year.
Summary of Beazer Homes USA Inc.'s third-quarter earnings (GAAP):
- Earnings: $27.2 million vs. $43.8 million last year
- EPS: $0.88 vs. $1.42 last year
- Revenue: $595.7 million vs. $572.5 million last year
