M.D.C. Holdings (MDC) Misses Q3 EPS by 8c
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M.D.C. Holdings Announces 2016 Third Quarter Results
November 1, 2016 6:00 AM EDTDENVER, Nov. 1, 2016 /PRNewswire/ --Â M.D.C. Holdings, Inc. (NYSE: MDC) announced results for the quarter ended September 30, 2016.
2016 Third Quarter Highlights and Comparisons to 2015 Third Quarter
Net income up 78% to $26.4 million, or $0.54 per share from $14.8 million or $0.30 per share Home sale revenues up 27% to $575.7 million from $454.7 million Average sales price up 6% to $445,300 Homes delivered up 20% to 1,293 Selling, general and administrative expenses as a percentage of home sale revenues improved 180 basis points from 12.6% to 10.8% Dollar value of net new orders up... More