William Lyon Homes Turns To Profit In Q1

(RTTNews) - William Lyon Homes (WLH) Friday reported first-quarter net income available to common stockholders of $8.7 million or $0.27 per share, compared to a loss of $3.5 million or $0.24 per share in the comparable quarter last year.

Operating income improved to $15.8 million during the first quarter of 2014 rom a loss of $0.8 million in the year-ago period.

On average, four analysts polled by Thomson Reuters expected the company to earn $0.15 per share for the quarter. Analysts' estimates typically exclude special items.

Operating revenues increased to $149.95 million from $80.85 million last year. Analysts expected revenues of $124.42 million.