Revenue Update on William Lyon Homes(NYSE:WLH)

William Lyon Homes(NYSE:WLH) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 5, 2016. Company reported revenue of $325.65M. Analysts estimated a revenue of $297.56M. Earnings per share were $0.38. Analysts had estimated an EPS of $0.36.

William Lyon Homes (WLH) shares turned negative on Wednesdays trading session with the shares closing down -0.24 points or -1.48% at a volume of 1,59,102. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $16.24. The peak price level was also seen at $16.24 while the days lowest was $15.664. Finally the shares closed at $16. The 52-week high of the shares is $25.45 while the 52-week low is $7.6105. According to the latest information available, the market cap of the company is $507 M.

Several Insider Transactions has been reported to the SEC. On Jun 9, 2016, Capital Corp Gmt (10% owner) purchased 208,000 shares at $16.39 per share price.Also, On Dec 16, 2015, William Lyon (Executive Chairman) purchased 6,000 shares at $15.69 per share price.On Nov 19, 2015, Matthew R Zaist (CEO) purchased 6,000 shares at $16.11 per share price, according to the Form-4 filing with the securities and exchange commission.

William Lyon Homes is a regional homebuilder. The Company is engaged in the design construction marketing and sale of single-family detached and attached homes in California Arizona Nevada Colorado Washington and Oregon. The Company operates in six segments: California Arizona Nevada Colorado Washington and Oregon. The Company’s core markets include Orange County Los Angeles San Diego the Inland Empire the San Francisco Bay Area Phoenix Las Vegas Denver Fort Collins Seattle and Portland. The Company has a total of around 17542 lots owned or controlled and sells homes out of around 56 selling communities. The Company builds and sells across a range of product lines with a focus on sales to entry-level first-time move-up and second-time move-up homebuyers. The Company operates in around 11 core markets across six Western states in the United States. It builds decorates furnishes and landscapes three to five model homes for each product line.

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