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Stock impact report

Why LGI Homes (LGIH) Shares Are Falling Today [Yahoo! Finance]

LGI Homes, Inc. (LGIH) 
Last lgi homes, inc. earnings: 2/25 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.lgihomes.com/investor-relations
Company Research Source: Yahoo! Finance
session after the stock's negative momentum continued as the company reported quarterly financial results that missed analysts' expectations for both earnings and revenue. The homebuilder announced earnings of $0.85 per share, which was below the consensus estimate of $0.94. Revenue for the quarter also fell short, coming in at $396.63 million compared to the anticipated $421.66 million. The company's performance came amid a challenging environment for the housing industry. Broader market data showed that homebuilder sentiment remained low, with an industry index staying below the breakeven point for the 19th consecutive month. This negative outlook was influenced by concerns over the labor market and household finances, which led a record number of builders to cut prices to move their new housing inventory. The shares closed the day at $44.42, down 2.8% from previous close. The stock market overreacts to news, and big price drops can present good opportunties to buy high-quality Show less Read more
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