LGI Homes Inc Announces Decline In Q1 Profit, Misses Estimates

(RTTNews) - LGI Homes Inc (LGIH) reported a profit for first quarter that decreased from last year and missed the Street estimates.

The company's bottom line came in at $3.99 million, or $0.17 per share. This compares with $17.05 million, or $0.72 per share, last year.

Analysts on average had expected the company to earn $0.63 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 10.1% to $351.42 million from $390.85 million last year.

LGI Homes Inc earnings at a glance (GAAP) :

-Earnings: $3.99 Mln. vs. $17.05 Mln. last year. -EPS: $0.17 vs. $0.72 last year. -Revenue: $351.42 Mln vs. $390.85 Mln last year.