GREENWOOD VILLAGE, Colo. (AP) _ Century Communities Inc. (CCS) on Thursday reported first-quarter net income of $8.8 million.
On a per-share basis, the Greenwood Village, Colorado-based company said it had profit of 40 cents.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.
The single-family homebuilder posted revenue of $228.3 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $199.6 million.
Century Communities shares have risen 28 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $26.90, an increase of 56 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CCS at https://www.zacks.com/ap/CCS
Keywords: Century Communities, Earnings Report
Automated Insights, source Associated Press News