Investing.com - M/I Homes reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
M/I Homes announced earnings per share of $1.09 on revenue of $577.6M. Analysts polled by Investing.com anticipated EPS of $0.71 on revenue of $511.8M. That with comparison to EPS of $0.64 on revenue of $481.11M in the same period a year before.M/I Homes had reported EPS of $1.57 on revenue of $742.15M in the previous quarter.Analysts are expecting EPS of $1.02 and revenue of $621.9M in the upcoming quarter.
M/I Homes shares are down 40.79% from the beginning of the year and are trading at $23.32 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% year to date.
M/I Homes shares gained 0.09% in pre-market trade following the report.
M/I Homes follows other major Capital Goods sector earnings this month
M/I Homes's report follows an earnings missed by ASML ADR on Wednesday, April 15, 2020, who reported EPS of $0.93 on revenue of $2.44B, compared to forecasts EPS of $1.47 on revenue of $3.17B.
Lockheed Martin had beat expectations on Tuesday, April 21, 2020 with first quarter EPS of $6.08 on revenue of $15.65B, compared to forecast for EPS of $5.81 on revenue of $15.08B.
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