PLANO, Texas (AP) _ Green Brick Partners Inc. (GRBK) on Tuesday reported first-quarter profit of $61.6 million.

The Plano, Texas-based company said it had profit of $1.20 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.

The real estate investment company posted revenue of $393.6 million in the period.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GRBK at https://www.zacks.com/ap/GRBK

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