Taylor Morrison Home Corporation (TMHC) beat Q1 earnings estimates with EPS of $2.05, despite a 19% YoY decrease in revenue.

Taylor Morrison Home Corporation (TMHC) reported better-than-expected earnings for the first quarter, with earnings per share (EPS) of $2.05 compared to the estimated $1.82. The company's net margin was 10.37%, while the return on equity stood at 16.44%. Revenue during the quarter was $2.02 billion, compared to the consensus estimate of $1.85 billion. However, TMHC's revenue for the same quarter of the previous year was $2.93 EPS, marking a 19.0% year-over-year decrease. TMHC's stock traded down $1.34 on Friday, reaching $55.91, with a market cap of $6.01 billion, a price-to-earnings ratio of 8.20, and a beta of 1.85.

February 16, 2024
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