Taylor Morrison Home Corp. Reports Strong Q4 Earnings, Surpassing Estimates
SCOTTSDALE, Ariz. – Taylor Morrison Home Corp. (TMHC) released its fourth-quarter financial results on Wednesday, exceeding market expectations.
* Earnings per share: $2.30
* Adjusted earnings per share: $2.64
* Revenue: $2.36 billion
Analysts surveyed by Zacks Investment Research had forecast earnings of $2.40 per share and revenue of $2.13 billion.
For the full year, TMHC reported:
* Profit: $883.3 million
* Earnings per share: $8.27
* Revenue: $8.17 billion
The home builder's strong performance highlights continued demand in the housing market.