UPDATE: MDC Holdings Posts Q1 Profit

MDC Holdings Inc

swung to a profit in the first quarter. MDC posted a quarterly net income of $2.3 million, or $0.04 per diluted share, versus a year-ago net loss of $19.9 million, or $0.43 per share. Home sale revenue climbed 13% to $184.7 million. MDC Holdings shares closed at $28.94 yesterday.