FX.co ★ M/I Homes Rises In Pre-Market After Reporting Improved Quarterly Results

The stock value of M/I Homes, Inc. (MHO) saw a notable increase of over 6 percent during pre-market trading subsequent to the company reporting a rise in its first-quarter earnings and revenue compared to the previous year.

The firm reported a profit of $138.06 million or $4.78 per share for its first quarter, which represents an increase from the $103.07 million or $3.64 per share reported during the same period last year.

Furthermore, M/I Homes noted a 5 percent uplift in its quarterly revenue, reaching $1.046 billion, coming up from the $1.00 billion recorded last year.