Skyline: Fiscal 3Q Earnings Snapshot

TROY, Mich. (AP) _ Skyline Corp. (SKY) on Monday reported fiscal third-quarter earnings of $21.6 million.

The Troy, Michigan-based company said it had profit of 38 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.

The manufactured and modular housing maker posted revenue of $377.6 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $352.2 million.

Skyline shares have risen 13% since the beginning of the year. In the final minutes of trading on Monday, shares hit $35.09, an increase of 19% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SKY at https://www.zacks.com/ap/SKY

Categories: Business News