Tri Pointe Homes, Inc. (TPH) Tops Q4 EPS by 7c, Beats on Revenues

Tri Pointe Homes, Inc. (NYSE: TPH) reported Q4 EPS of $0.70, $0.07 better than the analyst estimate of $0.63. Revenue for the quarter came in at $1.12 billion versus the consensus estimate of $1.11 billion.

• In the fourth quarter 2017, the Company recorded a $22.0 million tax charge related to the re-measurement of the Company’s net deferred tax assets as a result of the recently enacted Tax Cuts and Jobs Act, as well as a pretax charge of $13.2 million related to the impairment of an investment in an unconsolidated entity. Excluding these items, adjusted net income available to common stockholders was $107.4 million, or $0.70 per diluted share.

For earnings history and earnings-related data on Tri Pointe Homes, Inc. (TPH) click here.

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