MDC Holdings Inc. (NYSE:MDC) reported a net loss for the 2011 second quarter of $28.0 million, or $0.60 per share, compared with a net loss for the 2010 second quarter of $3.7 million, or $0.08 per share. Revenue for the 2011 second quarter decreased 34% to $215.7 million, compared with $326.3 million a year ago. Prior year results benefited from increased demand related to the federal homebuyer tax credit, which expired during the 2010 second quarter.
M.D.C. Holdings, Inc., through its subsidiaries, engages in homebuilding and financial services businesses in the United States.
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(MDC, CLNO, GET, CSA) Stock in Focus by DrStockPick.com
August 23rd, 2011 at 01:00 pm