M/I Homes (MHO) reported Q1 earnings Wednesday of $3.98 per diluted share, down from $4.78 a year earlier.
Two analysts polled by FactSet expected $4.16.
Revenue for the quarter ended March 31 was $976.1 million, down from $1.05 billion a year earlier.
Two analysts surveyed by FactSet expected $1.12 billion.
The company's shares were up 5.1% in recent premarket activity.