M/I Homes Inc. Q2 adjusted earnings Beat Estimates

M/I Homes Inc. (MHO) released a profit for its second quarter that advanced from the same period last year.

The company’s earnings came in at $27.91 million, or $0.96 per share. This compares with $15.77 million, or $0.55 per share, in last year’s second quarter.

Excluding items, M/I Homes Inc. reported adjusted earnings of $30.10 million or $1.04 per share for the period.

Analysts had expected the company to earn $0.99 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 22.2% to $558.10 million from $456.87 million last year.

M/I Homes Inc. earnings at a glance:

-Earnings (Q2): $30.10 Mln. vs. $21.21 Mln. last year.
-EPS (Q2): $1.04 vs. $0.73 last year.
-Analysts Estimate: $0.99
-Revenue (Q2): $558.10 Mln vs. $456.87 Mln last year.

by RTTNews Staff Writer

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