TRI Pointe Homes, Inc. Q3 Profit Decreases, But Beats Estimates

(RTTNews) - TRI Pointe Homes, Inc. (TPH) released a profit for third quarter that Decreased from the same period last year but beat the Street estimates.

The company's earnings totaled $56.144 million, or $0.64 per share. This compares with $111.759 million, or $1.18 per share, last year.

Excluding items, TRI Pointe Homes, Inc. reported adjusted earnings of $62.207 million or $0.71 per share for the period.

Analysts on average had expected the company to earn $0.52 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 25.7% to $836.871 million from $1.127 billion last year.

TRI Pointe Homes, Inc. earnings at a glance (GAAP) :

-Earnings: $56.144 Mln. vs. $111.759 Mln. last year. -EPS: $0.64 vs. $1.18 last year. -Revenue: $836.871 Mln vs. $1.127 Bln last year.

TPH was up by 5.29% at $34.61 in the pre-market trade on the New York Stock Exchange.