Why Taylor Morrison Stock Just Jumped 9%

·2-min read
Why Taylor Morrison Stock Just Jumped 9%

Shares of Taylor Morrison Home (NYSE: TMHC) jumped 9.4% as of 11:20 a.m. EDT today, after the Scottsdale, Arizona-based homebuilder beat earnings expectations in its third-quarter report released this morning. Expected by analysts to earn $1.20 per share on sales of $1.75 billion, Taylor Morrison reported instead a $1.34 per-share profit on sales of $1.86 billion. Taylor Morrison reported 3,327 sales in Q3 2021, and at prices 13% better per sale than it enjoyed a year ago, leading to 8% growth in revenue.

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