M/I Homes Inc. Q2 Income Retreats

(RTTNews) - M/I Homes Inc. (MHO) released a profit for second quarter that Drops, from the same period last year

The company's earnings came in at $79.06 million, or $3.02 per share. This compares with $121.24 million, or $4.42 per share, last year.

Excluding items, M/I Homes Inc. reported adjusted earnings of $82.24 million or $3.14 per share for the period.

The company's revenue for the period fell 8.5% to $1.063 billion from $1.162 billion last year.

M/I Homes Inc. earnings at a glance (GAAP) :

-Earnings: $79.06 Mln. vs. $121.24 Mln. last year. -EPS: $3.02 vs. $4.42 last year. -Revenue: $1.063 Bln vs. $1.162 Bln last year.