Ryland Group, Inc. (RYL) reported third-quarter net income of $48.53 million, or $0.85 per share, lower than $53.65 million, or $0.95 per share in the prior-year quarter.
On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of $0.80 for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter increased 18 percent to $680.19 million from $576.42 million in the same quarter last year. Analysts expected revenue of $708.17 million for the quarter.
Homebuilding revenues increased 18.7 percent to $668.24 million from $562.91 million. New orders increased 7.2 percent to 1,707 units from 1,592 units for the same period in 2013.
For comments and feedback contact: editorial@rttnews.com
Business News