Beazer Homes posts 4Q profit, results beat Wall Street estimates



We also have more stories about:
(click the phrases to see a list)

Subjects:

Places:

 


ATLANTA — Beazer Homes USA Inc. (BZH) on Wednesday reported fiscal fourth-quarter profit of $59.8 million.

The Atlanta-based company said it had profit of $1.88 per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were $2.05 per share.

The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.

The homebuilder posted revenue of $545.9 million in the period, also beating Street forecasts. Analysts expected $509.7 million, according to Zacks.

Beazer shares have dropped 21 percent since the beginning of the year. The stock has increased 2 percent in the last 12 months.

_____

This story was generated by Automated Insights using data from Zacks Investment Research. BZH stock research report from Zacks.

_____

Keywords:Beazer Homes,Earnings Report

All content copyright ©2014 Daily Reporter, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Click here to read our privacy policy.
Daily Reporter • 22 W. New Road • Greenfield, IN 46140 • (317) 462-5528