Taylor Morrison Q1 net blows past estimates

Taylor Morrison Positano model home featuring security cameras and smart switches and lights. / Builder

Orders, closings and backlog all gain as impact of acquisitions kick in.

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Taylor Morrison Home Corporation (NYSE: TMHC) on Wednesday reported net income of $51 million, or diluted earnings per share of $0.46, for its first quarter ended March 31. The gain compares to a net of $0.41 per share in the comparable quarter last year. Wall Street was looking for a gain of $0.34.

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