07:40 AM EDT, 08/14/2024 (MT Newswires) -- Smith Douglas Homes ( SDHC ) reported Q2 adjusted net income Wednesday of $19.4 million, down from $23.1 million a year earlier.

Analysts polled by Capital IQ expected $19 million.

The company reported earnings of $0.40 per diluted share. Three analysts polled by Capital IQ estimated earnings of $0.44.

Revenue for the quarter ended June 30 was $220.9 million, compared with $181.5 million a year earlier.

Analysts surveyed by Capital IQ expected $209.1 million.

The company's shares rose more than 8% during recent premarket activity on Wednesday.

Price: 35.30, Change: +2.74, Percent Change: +8.42