Sterne Agee Downgrades M.D.C. Holdings (MDC) to Neutral
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M.D.C. Holdings (MDC) Misses Q3 EPS by 18c
October 30, 2014 6:20 AM EDTM.D.C. Holdings (NYSE: MDC) reported Q3 EPS of $0.32, $0.18 worse than the analyst estimate of $0.50. Revenue for the quarter came in at $407.7 million versus the consensus estimate of $502.91 million.
Net new orders up 17% to 1,081 homes.
Larry A. Mizel, MDC's Chairman and Chief Executive Officer, stated, "Against the backdrop of an uneven recovery for housing and overall economic conditions, we are pleased that we have consistently produced profitable results since the beginning of 2012. However, the... More
