AP - Beazer Homes USA Inc. said Friday it posted a narrower loss in its fiscal third quarter despite lower revenue as the homebuilder's expenses declined. The quarterly results fell short of Wall Street's expectations.Chief Executive Ian McCarthy said he expects continued tough industry conditions due to eroding consumer confidence and high inventories of unsold homes to extend into next year.
August 08, 2008 at 12:00 AM
1 minute read
AP – Beazer Homes USA Inc. said Friday it posted a narrower loss in its fiscal third quarter despite lower revenue as the homebuilder’s expenses declined. The quarterly results fell short of Wall Street’s expectations.
Chief Executive Ian McCarthy said he expects continued tough industry conditions due to eroding consumer confidence and high inventories of unsold homes to extend into next year.
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