Legacy Housing Corp: Up on 25.7% revenue rise
09/04/2019 24:17
** Shares of manufactured homes' builder LEGH.O up 6.87%
at $11.20 after the bell
** Company reported 25.7% growth in revenue for full-year
ended December 2018 to $161.8 mln from $128.7 mln a year ago
urn:newsml:reuters.com:*:nGNXkbBkr
** "Despite some industry-wide softening of sales at the end
of the year in a couple of our key markets, mainly Texas and
Louisiana, given our progress to date, we remain optimistic
about the immediate future of our industry in 2019 and beyond" -
Curtis Hodgson, chairman of the board
** Shares fell 8.07% to $10.48 on Monday during trading
hours
** Both the brokerages covering the stock rate it "buy";
Median PT is $18.50
** Up to Monday's close, LEGH had fallen 12.15% this year
(Reporting by Sayanti Chakraborty in Bengaluru)
((RM: sayanti.chakraborty.thomsonreuters.com@reuters.ne))