UCP (UCP) Misses Q2 EPS by 10c

UCP (NYSE: UCP) reported Q2 EPS of ($0.08), $0.10 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $54.7 million versus the consensus estimate of $62.31 million.

• Net new home orders improved 54.9% to 206 units
• Unit backlog increased 121.0% to 274 units
• Backlog on a dollar basis expanded to $112.1 million, compared to $39.7 million
• Revenue from homebuilding operations increased 1.5% to $50.8 million
• New homes deliveries grew 11.6% to 154 units
• General and administrative expense reduced by 6.6% to $6.5 million
• Average selling communities of 29, compared to 27

For earnings history and earnings-related data on UCP (UCP) click here.

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