Print
E-mail
Share
digg
Newsvine
Facebook
Stumble
Technorati
reddit
Fark
twitterBuilder posts strong earnings
Thursday, Oct. 10, 2002 | 11:08 a.m.
Colorado-based M.D.C. Holdings Inc., which builds in Las Vegas as Richmond American Homes, today reported record quarterly earnings.
The builder, currently No. 3 in the Las Vegas market and on a pace to close on more than 1,000 homes in this market this year, posted net income in the third quarter of $43.6 million, or $1.57 a share, compared to $40.5 million, or $1.48 a share, for the same quarter a year ago.
Third-quarter revenues totaled $582 million, a 12 percent increase over the $521 million in total revenues in the same quarter a year ago.
M.D.C.'s results bested analysts' consensus earnings estimates of $1.36 a share by 15 percent.
The builder tallied 7,968 home orders in the first nine months of 2002 -- a total that exceeds home orders for all of 2001.
archive
- Most Read
- Discussed
- Most E-mailed
- Corrections officer with Metro killed in U.S. 95 crash
- The pull of a drug, a push to the brink
- Was there an ulterior motive in parking the stripper-mobile?
- CityCenter hotel welcomes new employees with gala
- Harry Reid’s hopes hitched to health care reform bill
- Notebook: The Shark and LJ circle
- Reid clears major health care hurdle, daunting weeks ahead
- Forrest Griffin writes his own ending at UFC 106
- Politicians waste no time spinning latest jobless numbers
- Willis makes big difference in UNLV’s 78-69 victory
Blogs
Politics: The Early Line
Sen. John Ensign affair to resurface on 'Nightline'
The Greene Room
MWC Winners and Losers: Week 12
Culture and Entertainment
UFC 106 walk-in music: Griffin changes his tune, secures win over Ortiz
The Kats Report
For props, Lewis Black needs only his manic delivery and torrid material (9 Comments)
Elsewhere
Sands China raises $2.5 billion in Hong Kong IPO (2 Comments)
Marquardt v. Sonnen scheduled for UFC 109
Bloggity, Bloggity, Bloggity
Will a fourth consecutive title by Jimmie Johnson be good or bad for NASCAR? (4 Comments)
- Live chat
- Tuesday, noon PST
- Chat with Krista Creelman
- Problem Gambling Center executive director Krista Creelman will answer questions about gambling addiction from Las Vegas Sun readers from noon to 1 p.m. Tuesday, Nov. ... Submit question
Calendar »
- 23 Mon
- 24 Tue
- 25 Wed
- 26 Thu
- 27 Fri
-
DJ Scooter at Prive
Prive | 10 p.m. to 11:59 p.m.
-
Fabolous's birthday at Jet
Jet | 10 p.m. to 11:59 p.m.
-
Mixology Monday at Downtown Cocktail Room
Downtown Cocktail Room | 8 p.m. to 11 p.m.
-
DJ Red at Tabu
Tabú Ultralounge | 10 p.m. to 11:59 p.m.
-
The Automatic Tour at The Square Apple
The Square Apple
The Sun
Locally owned and independent for more than 50 years.
