DENVER _ M.D.C. Holdings Inc. on Wednesday reported fourth-quarter earnings of $22.6 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share. M.D.C. Holdings shares have fallen 19 percent since the beginning of the year.
Housing stocks have been trying to rebound in the last week, and yesterday the bulls piled into home builder MDC Holdings.
Check out which companies are making headlines after the bell Wednesday:
The nation's home builders continue to feel much better about their industry.
--Abiomed Inc rescheduled second-quarter conference call to Nov. 1 at 8 am Eastern Time. --Accelrys Inc rescheduled third-quarter results to Oct. 31, after market. Its conference call will be held on Nov. 1, 9.30 am Eastern Time.
--Acorda Therapeutics Inc: rescheduled third-quarter financial results and conference call to Oct. 31 from Oct. 30. --Advent Software Inc reschedules third-quarter results and conference call to Oct. 30. --AGCO Corp rescheduled third-quarter results to Oct 31, 8 am Eastern Time from Oct. 30.
NEW YORK-- The shares of at least four homebuilders hit new highs and construction materials companies got a boost as well Wednesday from the release of a new report showing that U.S. builders started construction on homes in September at the fastest rate since July 2008, another sign of a recovering housing market.
JOHANNESBURG, Oct 8- Mediclinic International Ltd:. *Says rights offer was 99.7 percent subscribed for. *Says excess rights offer shares to be allocated for 0.3 percent of rights.
CoreLogic, a private real estate data provider, said U.S. home prices rose 4.6 percent in August from a year ago, the largest year-over-year increase in more than six years. Prices are rising in most parts of the country, CoreLogic said. _ PulteGroup Inc., up 18 cents, or 1.2 percent, to $15.49.
*Credit Suisse cuts PulteGroup Inc to neutral from outperform. *Credit Suisse raises PulteGroup Inc price target to $15 from $12.50. *Credit Suisse cuts MDC Holdings Inc to underperform from neutral.
The Dow Jones U.S. Home Construction ETF is booking its worst day in nearly four months
A surge in new orders for homes, especially among the big public builders, pushed builder sentiment on an industry survey up three points to the highest level since June of 2006.
Stocks staged a strong comeback from their lows Monday, with the Dow posting a triple-digit recovery, but all three major indexes still finished in the red amid fresh worries over the euro zone.
There’s still some time until the homebuilders release their earnings. What are the trades you should be making into the big reports?
Whether it's hedging against a temporary soft patch or a full-blown correction, many investors are looking to make sure they don't get caught sleeping in the same way they did last year.
Despite higher confidence among home builders, Steve Cortes revealed his contrarian trade.
Things are looking up for housing, at least among home builders, one industry expert said Thursday.
Despite mixed results in the housing sector, many homebuilder stocks are outperforming the overall market by a large margin.
The housing industry is healing, but one Goldman Sachs analyst recommends investors steer clear of the rally in homebuilders such as Lennar and PulteGroup.
For homebuilders, any further drop in inventories may mean it's time to get busy and start ramping up construction activity. Rising animal spirits in the housing sector, which have been long anticipated, may soon be at hand. And that PHLX Housing Sector Index may finally start to march upward.