M.D.C. Holdings (MDC) Misses Q3 EPS by 2c, Revenues Miss

M.D.C. Holdings (NYSE: MDC) reported Q3 EPS of $0.93, $0.02 worse than the analyst estimate of $0.95. Revenue for the quarter came in at $766 million versus the consensus estimate of $779.66 million.

Mr. Mizel continued, "We continue to position our company for targeted growth, with an emphasis on growing our presence in the affordable market segment. Our affordable product communities have delivered above average order paces and gross margins over the last several quarters, and we believe that this trend will continue. With our mix shift to more affordable product and our expectation for 10% growth in active community count at the end of 2018, we feel that we are in a great position to take market share and grow our operations."

For earnings history and earnings-related data on M.D.C. Holdings (MDC) click here.

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