Taylor Morrison Home falls on lower Q2 profit
26/07/2023 17:20
** Shares of U.S. homebuilder Taylor Morrison Home Corp
TMHC.N down 6.54% at $46.76
** Co posts Q2 profit of $2.12 per share vs $2.45 per share
a year earlier
** Home closings gross margin for Q2 declined 240 basis
points year-over-year, but increased 30 basis points
sequentially to 24.2% - co
** TMHC shares up 55.67% YTD
(Reporting by Rupali Chaudhary in Bengaluru)
((Rupali.chaudhary@thomsonreuters.com))