LGI Homes (LGIH) Q3 Earnings Miss Estimates

LGI Homes (LGIH) came out with quarterly earnings of $0.85 per share, missing the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $2.95 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -9.57%. A quarter ago, it was expected that this entry-level homebuilder in the Texas, Arizona, Florida and Georgia markets would post earnings of $1.21 per share when it actually produced earnings of $1.36, delivering a ...