Nobility Homes Reports Q4 EPS of $(0.03) vs. $(0.11) Year Ago

Today Nobility Homes, Inc. NOBH announced sales and earnings results.
For the fourth quarter of fiscal 2010, sales were up 24% to $3,509,239 as compared to sales of $2,836,483 recorded in fiscal year 2009. Loss from operations for the fourth quarter of 2010 was $195,341 versus loss of $527,557 in the same period last year. Net loss after taxes was $123,212 as compared to a loss after taxes of $444,117 for the same period last year.

The net loss after taxes of $123,212 for the fourth quarter of 2010 came after deducting $139,308 in non-cash losses for our investment in two retirement community limited partnerships and included a tax benefit of $146,657. Loss for the fourth quarter of 2010 was ($0.03) per share compared to a loss of ($0.11) per share last year.