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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Paul Kern who wrote (73778)11/7/2006 6:18:56 AM
From: Paul Kern   of 110194
 
DJ WCI Communities 3Q EPS 25c Vs 85c >WCI

DOW JONES NEWSWIRES

WCI Communities Inc. (WCI), a builder of homes and tower residences, Tuesday said its third-quarter net income fell 73% to $10.7 million, or 25 cents a share, from $39.7 million, or 85 cents a share, a year ago.

Analysts polled by Thomson First Call had forecast profit of $8.5 million, or 18 cents a share.

Revenue fell 31% to $427.2 million from $621.9 million a year ago, the company said.

WCI shares closed Monday up 9 cents to $15.27.

-John Spence; 415-439-6400; AskNewswires@dowjones.com


(END) Dow Jones Newswires

11-07-06 0716ET
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