Harbor Custom Development rises on Q4 beat

Harbor Custom Development

24/03/2022 13:15

** Shares of real estate firm Harbor Custom Development
 HCDI.O  rise ~7% to $2.60 premarket 
    ** Co tops Q4 profit and revenue estimates on higher sales
of developed lots; reiterates FY22 revenue guidance of $160 mln
 urn:newsml:reuters.com:*:nASA035D0
    ** "Our strong cash position and significant investment in
real estate assets have positioned us for a substantial year in
2022 with expected continued financial growth in the years
ahead" - HCDI CEO Sterling Griffin 
    ** Stock is down ~8% YTD

 (Reporting by Susan Mathew in Bengaluru;)