UCP, Inc. Reports 21% Drop In Q3 Earnings

(RTTNews) - UCP, Inc. (UCP) reported earnings for third quarter that retreated compared to the same period last year.

The company said its bottom line came in at $1.29 million, or $0.16 per share. This was lower than $1.64 million, or $0.20 per share, in last year's third quarter.

Analysts had expected the company to earn $0.13 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 27.2% to $93.74 million. This was up from $73.67 million last year.

UCP, Inc. earnings at a glance:

-Earnings (Q3): $1.29 Mln. vs. $1.64 Mln. last year. -Earnings Decline (Y-o-Y): -21.3% -EPS (Q3): $0.16 vs. $0.20 last year. -EPS Decline (Y-o-Y): -20.0% -Analysts Estimate: $0.13 -Revenue (Q3): $93.74 Mln vs. $73.67 Mln last year. -Revenue Change (Y-o-Y): 27.2%