Mar
13
Einhorn’s Green Brick Property Venture Jumps on Revenue Gain
By-
Adjusted profit in quarter beats estimates by 10 cents a share
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CEO Brickman expects continued sales, profit improvement
David Einhorn’s Green Brick Partners Inc. rallied in New York trading after the real estate investment company announced a sales gain and fourth-quarter profit that topped analysts’ estimates.
Green Brick jumped $1.07, or 17 percent, to $7.39 at 4 p.m., erasing this year’s losses. Adjusted earnings were 16 cents a share in the last three months of 2015, the Plano, Texas-based company said after markets closed Thursday in a statement listing preliminary results. That compares with the average estimate of 6 cents in a Bloomberg survey of three analysts…
Einhorn’s Green Brick Property Venture Jumps on Revenue Gain