Taylor Morrison: Q3 Earnings Snapshot

Audio By Carbonatix

SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — Taylor Morrison Home Corp. (TMHC) on Wednesday reported third-quarter profit of $251.1 million.

The Scottsdale, Arizona-based company said it had net income of $2.37 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.06 per share.

The home builder posted revenue of $2.12 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $1.99 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TMHC at https://www.zacks.com/ap/TMHC