M/I Homes Q2 Profit Rises 12%, Revenue Up 16%
(RTTNews) - M/I Homes, Inc. (MHO), a builder of single-family homes, reported Wednesday that net income for the second quarter increased to $103.07 million or $3.64 per share from $91.84 million or $3.16 per share in the prior-year quarter.
Total revenue for the quarter grew 16 percent to $1.00 billion from $860.81 in the same quarter last year.
Homes delivered for the quarter increased 10 percent to 2,007, while new contracts decreased 14 percent to 2,171 from last year.
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M/I Homes Q4 Profit Rises 15%, Revenue Up 16%
M/I Homes, Inc. (MHO), a builder of single-family homes, reported Wednesday that net income for the fourth quarter increased to $130.40 million or $4.65 per share from $113.38 million or $3.83 per share in the prior-year quarter.
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Steady Start Eyed For Singapore Stock Market
The Singapore stock market on Tuesday snapped the three-day losing streak in which it had advanced almost 60 points or 1.7 percent. The Straits Times Index now sits just above the 3,860-point plateau and it's likely to tick higher again on Wednesday.
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TSX Ends Marginally Down
After a weak start and a subsequent sharp drop, the Canadian market briefly emerged into positive territory by noon on Tuesday, but retreated a bit and stayed sluggish thereafter and eventually settled marginally down.
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Rebound Anticipated For Malaysia Stock Market
Ahead of Tuesday's holiday for Thaipusam, the Malaysia stock market had ended the four-day winning streak in which it had advanced more than 35 points or 2.3 percent. The Kuala Lumpur Composite Index now rests just beneath the 1,590-point plateau although it may bounce higher again on Wednesday.
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Japan Stock Market May Return To The Upside
Ahead of Tuesday's holiday for National Foundation Day, the Japanese stock market had bounced higher again - one session after ending the three-day winning streak in which it had climbed almost 550 points or 1.4 percent. The Nikkei 225 now sits just above the 38,780-point plateau and it may add to its winnings on Wednesday.
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Little Movement Expected For South Korea Shares
The South Korea stock market on Tuesday ended the two-day slide in which it had slipped more than 15 points or 0.6 percent. The KOSPI now rests just beneath the 2,540-point plateau and it figures to remain in that neighborhood again on Wednesday.
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Australia Home Loan Data Due On Wednesday
Australia will on Wednesday release December data for home loans, highlighting a light day for Asia-Pacific economic activity. In November, home loans were up 0.1 percent on month and investment lending slipped 1.0 percent.
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Swiss Market Settle Moderately Lower
The Switzerland market ended moderately higher on Tuesday, in line with markets across Europe, despite the U.S. clamping fresh tariffs on steel and aluminum imports.
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