J.M. Peters Co., a Newport Beach home...
J.M. Peters Co., a Newport Beach home builder, reported earnings of $7.3 million for its first quarter ending May 31, up from $2.2 million during the first quarter of last year. Revenues rose to $87 million from $51 million last year. Peters attributed the increases to the strength of the Southern California housing market and the company’s share of the market for more expensive homes.
More to Read
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.