M.D.C. Holdings (MDC) Misses Q1 EPS by 6c
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M.D.C. Holdings Announces 2016 First Quarter Results
May 5, 2016 6:00 AM EDTDENVER, May 5, 2016 /PRNewswire/ -- M.D.C. Holdings, Inc. (NYSE: MDC) announced results for the quarter ended March 31, 2016.
2016 First Quarter Highlights and Comparisons to 2015 First Quarter
Net income of $9.6 million, or $0.20 per share vs. $8.4 million or $0.17 per share Pretax income of $14.3 million vs. $13.3 million Home sale revenues of $394.4 million, up 5% from $377.0 million Gross margin from home sales up 90 basis points to 16.3% vs. 15.4% 2016 first quarter gross margin was negatively impacted by 80 basis points due to a $3.0 million warranty... More