Atlanta homebuilder Beazer Homes USA ($3.10 0%) narrowed its net loss for its fiscal second quarter as new orders and home closings increased.
Beazer reported a net loss of $39.9 million for the quarter ended March 31 compared with a net loss of $53.8 million in the year-ago period. That equates to a loss of 51 cents a share for the quarter, down from loss of 73 cents a share in the year-ago period.
Its net loss from continuing operations fell to $37.9 million, or a loss of 48 cents a share. Beazer missed the consensus estimate from analysts of a loss of 43 cents a share, according to Thomson Reuters.
via Beazer narrows loss as closings and new orders rise | HousingWire.
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