The New Home Company Reports 2019 First Quarter Results
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The New Home Co. (NWHM) Tops Q1 EPS by 4c, Revenues Beat; Offers 2Q Revenue Guidance Above Consensus
May 3, 2019 6:09 AM EDTThe New Home Co. (NYSE: NWHM) reported Q1 EPS of ($0.04), $0.04 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $118.8 million versus the consensus estimate of $107.2 million.
First Quarter 2019 Financial Results
Net loss of $2.0 million, or $(0.10) per diluted share, including $1.8 million of pretax severance charges, compared to net loss of $0.6 million, or $(0.03) per diluted share, for the 2018 first quarterAdjusted net loss of $0.8 million*, or $(0.04)* per diluted share, excluding severance chargesHome sales revenue up 25% to $99.2 million; deliveries up 18%Total revenues of $118.8 million vs. $123.2 millionBacklog dollar value of $212.6 million... More