LGI Homes (LGIH) Tops Q1 EPS by 5c

LGI Homes (NASDAQ: LGIH) reported Q1 EPS of $0.57, $0.05 better than the analyst estimate of $0.52. Revenue for the quarter came in at $162.5 million versus the consensus estimate of $167.55 million.

Home closings during the first quarter of 2016 increased 25.8% to 844 from 671 during the first quarter of 2015. Active selling communities increased to 56 at the end of the first quarter of 2016, up from 44 communities at the end of the first quarter of 2015.

For earnings history and earnings-related data on LGI Homes (LGIH) click here.

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