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Why Taylor Morrison Stock Just Jumped 9%

TheMotleyFool

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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.

Image source: Getty Images.

Source Fool.com

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