Tri Pointe Homes Q2 EPS $0.60 Beats $0.58 Estimate, Sales $826.96M Beat $705.59M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tri Pointe Homes (NYSE:TPH) reported Q2 earnings of $0.60 per share, beating the analyst consensus estimate of $0.58 by 3.45%. However, this is a 54.89% decrease from the same period last year. The company also reported quarterly sales of $826.96 million, beating the analyst consensus estimate of $705.59 million by 17.20%, but this is a 17.72% decrease from the same period last year.
July 27, 2023 | 10:02 am
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Tri Pointe Homes reported better than expected Q2 earnings and sales, but both figures are significantly lower than the same period last year.
While the company beat estimates, the significant year-on-year decreases in earnings and sales could potentially offset any positive impact from beating estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100