United Homes Swings To Profit In Q4
United Homes Group, Inc. (UHG) reported a profit of $66.67 million in Q4, a turnaround from a loss of $0.66 million last year. Quarterly earnings per share improved to $0.01 from a loss of $1.38. Revenue increased to $134.81 million from $116.83 million. However, net income from operations decreased to $2.43 million from $3.18 million. UHG's stock closed down 5.31% at $3.57 on the Nasdaq.
United Homes Group, Inc. (UHG), a publicly traded residential builder, on Wednesday announced profit in the fourth quarter on higher revenues, compared to loss last year.
In the fourth quarter, net income was $66.67 million, while the company reported loss of $0.66 million last year.
Quarterly earnings per share were $0.01 versus loss of $1.38 per share in the previous year.
Net income from operations came lower at $2.43 million compared with $3.18 million the prior year.
Revenue rose to $134.81 million from $116.83 million the previous year.
Tuesday, United Homes had closed 5.31% lower at $3.57 on the Nasdaq.
For comments and feedback contact: editorial@rttnews.com
Business News
