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NEW YORK (TheStreet) -- TRI Pointe Homes (TPH) - Get Tri Pointe Homes, Inc. Report shares are declining in trading on Tuesday after the home builder reported its fourth quarter earnings results before the opening bell today, lowering its full year earnings guidance.

The company lowered its full year earnings guidance to between $1.15 and $1.30 per share, down from its previous view between $1.25 and $1.40 per share. Analysts on average are expecting the company to earn $1.26 per share in the coming year.

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The company blamed the lowered guidance on lower margins in its backlog due to its weaker-than-expected fourth quarter revenue and uncertainty in the Houston market due to the effect volatile oil prices could have on the economy of the city.

The company reported an 8% increase in fourth quarter earnings to 28 cents per diluted share, two cents better than the 26 cents per share analysts were expecting the company to report in the period.

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The company also generated $635 million in revenue, a 30% increase of the same period last year, but falling short of analysts' $659.7 million expectations. 

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