INCLINE VILLAGE, Nev. (AP) — INCLINE VILLAGE, Nev. (AP) — Tri Pointe Homes Inc. (TPH) on Tuesday reported fourth-quarter net income of $132.8 million.

The Incline Village, Nevada-based company said it had profit of $1.36 per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.

The home builder posted revenue of $1.24 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $1.18 billion.

For the year, the company reported profit of $343.7 million, or $3.45 per share. Revenue was reported as $3.65 billion.

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