WCI Communities (WCIC) Tops Q1 EPS by 8c

WCI Communities (NYSE: WCIC) reported Q1 EPS of $0.25, $0.08 better than the analyst estimate of $0.17. Revenue for the quarter came in at $109 million versus the consensus estimate of $121.9 million.

Keith Bass, the Company's President and Chief Executive Officer, commented, "I am pleased with our first quarter financial results as we experienced significant year-over-year growth in several key metrics, including deliveries, pre-tax income and SG&A leverage, and we continue to position the company for long-term growth." Mr. Bass added, "While demand trends appeared to generally moderate across Florida this quarter when compared to the prior year, we believe the Florida housing market remains healthy. Additionally, we remain optimistic in our long-term view of the Florida housing market given the state's positive demographic, economic and real estate fundamentals."

For earnings history and earnings-related data on WCI Communities (WCIC) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Diana Shipping withdraws bid to acquire Genco Shipping
• Reading (RDI) Tops Q2 EPS by 4c