WCI Communities (WCIC) Misses Q3 EPS by 5c

WCI Communities (NYSE: WCIC) reported Q3 EPS of $0.12, $0.05 worse than the analyst estimate of $0.17. Revenue for the quarter came in at $89.7 million versus the consensus estimate of $96.78 million.

New orders during the third quarter of 2014 increased 34.4% to 172 homes and the contract value of new orders was $84.0 million for the third quarter, an increase of 54.4% from the prior year period. The average selling price per unit of new orders was $488,000, representing an increase of 14.8% from the prior year period. Additionally, the active selling neighborhood count at quarter end increased by 25.0% to 30 neighborhoods compared to the end of the third quarter of 2013.

For earnings history and earnings-related data on WCI Communities (WCIC) click here.

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