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TMHC - Taylor Morrison Home Corporation EPS misses by $0.01 misses on revenue
Taylor Morrison Home Corporation Class A
Taylor Morrison Home Corporation (TMHC): Q1 GAAP EPS of $0.75 misses by $0.01.Revenue of $1.42B (+5.2% Y/Y) misses by $70M.Monthly absorptions increased 42 percent to 4.3 net sales orders per community, a company record high.Home closings gross margin increased 320 basis points to 18.6 percent.Backlog increased 54 percent to 10,074 sold homes with a sales value of $5.3 billion, up 70 percent.Shares +2.13% PM.Press Release