Century Communities: Q2 Earnings Snapshot
GREENWOOD VILLAGE, Colo. (AP) — GREENWOOD VILLAGE, Colo. (AP) — Century Communities Inc. (CCS) on Wednesday reported second-quarter earnings of $51.4 million.
The Greenwood Village, Colorado-based company said it had profit of $1.60 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 96 cents per share.
The single-family homebuilder posted revenue of $844.2 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $728.8 million.
Century Communities shares have increased 48% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $73.85, a rise of 40% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CCS at https://www.zacks.com/ap/CCS