LGI Homes Q1 Adj. EPS $0.43 Misses $0.63 Estimate, Sales $351.42M Miss $366.45M Estimate

LGI Homes (NASDAQ:LGIH) reported quarterly earnings of $0.43 per share which missed the analyst consensus estimate of $0.63 by 31.75 percent. This is a 40.28 percent decrease over earnings of $0.72 per share from the same period last year. The company reported quarterly sales of $351.42 million which missed the analyst consensus estimate of $366.45 million by 4.10 percent. This is a 10.09 percent decrease over sales of $390.85 million the same period last year.