GRBK - Why Shares of Green Brick Partners Are Surging Today
2023-05-04 11:52:13 ET
Shares of Green Brick Partners (NYSE: GRBK) are surging today, up by 19.5% as of 11:22 a.m. ET after the homebuilder reported blowout earnings results for the first quarter of the year.
Green Brick posted diluted earnings per share of $1.37 on total revenue of more than $452 million, which significantly beat consensus estimates by $0.71 and $170 million, respectively.
Co-founder and CEO Jim Brickman said in an statement:
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Why Shares of Green Brick Partners Are Surging Today