RESIDENTIAL REAL ESTATE
- Share via
So-So News: Presley Cos. issued its first quarterly-earnings report since going public last month and the news--as the company warned in its offering prospectus--wasn’t great.
The Newport Beach-based home builder reported third-quarter earnings of $1.13 million, or 9 cents a share, up 4.5% from $1.08 million a year earlier.
Revenue was $31.4 million, off 44% from $56 million in the third quarter of 1990.
Nine-month earnings were $2.5 million, or 20 cents a share, down 84% from $15.8 million, or $1.27 a share, a year earlier.
Still, the company actually made money, which is more than a lot of builders can say.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
