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CalAtlantic Group hit by storms, faulty joists, sees earnings slip

Posted by   /  November 9, 2017  /  No Comments

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Deliveries, orders down on eve of merger with Lennar

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CalAtlantic Group, Arlington Va. (NYSE:CAA) issued what is likely its last earnings report as a standalone entity late Wednesday with third quarter earnings coming in at $93.4 million, or $0.75 per diluted share, compared with net income of $132.3 million, or $0.97 per diluted share, in the prior-year quarter. It was an earnings miss; analysts were expecting a gain of $0.80 per share.

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  • Published: 2 weeks ago on November 9, 2017
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  • Last Modified: November 9, 2017 @ 10:07 am
  • Filed Under: Real Estate

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