M/I Homes Q1 EPS $3.98 Misses $4.16 Estimate, Sales $976.09M Miss $1.12B Estimate

M/I Homes (NYSE:MHO) reported quarterly earnings of $3.98 per share which missed the analyst consensus estimate of $4.16 by 4.33 percent. This is a 16.74 percent decrease over earnings of $4.78 per share from the same period last year. The company reported quarterly sales of $976.09 million which missed the analyst consensus estimate of $1.12 billion by 12.92 percent. This is a 6.77 percent decrease over sales of $1.05 billion the same period last year.