M/I Homes, Inc. (MHO) Reports Unit Data and Lowers FY EPS Outlook
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Price: $152.10 +1.43%
Financial Fact:
General and administrative: 29.16M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
General and administrative: 29.16M
Today's EPS Names:
BTTX, VAXX, ELYS, More
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M/I Homes, Inc. (NYSE: MHO) announces unit data for the three-and nine-month periods ended September 30, 2006, extension of its credit facility and revises annual guidance.
Homes delivered for the 2006 third quarter decreased 11% to 927 from 2005's 1,047. For the nine month period ended September 30, 2006, homes delivered were 2,746, up 3% from 2,675 in the same period of 2005. New contracts for 2006's third quarter were 571 compared to 2005's third quarter of 1,163. For the nine months, 2006's new contracts declined to 2,472 from 3,413 in 2005.
CEO says, "We now believe that we will deliver approximately 4,000 homes this year and, consequently, are lowering our diluted earnings per share guidance to a range of $5.25 - $5.75." Current consensus for FY06 is $6.09.
Homes delivered for the 2006 third quarter decreased 11% to 927 from 2005's 1,047. For the nine month period ended September 30, 2006, homes delivered were 2,746, up 3% from 2,675 in the same period of 2005. New contracts for 2006's third quarter were 571 compared to 2005's third quarter of 1,163. For the nine months, 2006's new contracts declined to 2,472 from 3,413 in 2005.
CEO says, "We now believe that we will deliver approximately 4,000 homes this year and, consequently, are lowering our diluted earnings per share guidance to a range of $5.25 - $5.75." Current consensus for FY06 is $6.09.
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