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Scottsdale-based Taylor Morrison earnings, sales up

Earnings1By Catherine Reagor | The Republic | azcentral.com

The fledgling recovery in the new-home market helped Scottsdale-based Taylor Morrison Homes Corp. post an increase in its third-quarter earnings and sales.

The company, which went public through a $526 million offering in April, earned $53.1 million, or 43 cents per share, for the period ended Sept. 30. That compares with a net income of $42.6 million for the third quarter of 2012.

Taylor Morrison reported $622 million in home-sales revenue, a 105 percent jump from last year.

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