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Zephyr

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Zephyr

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Tuesday, 02/08/2011 8:46:08 AM

Tuesday, February 08, 2011 8:46:08 AM

Post# of 822
06:09:29 Beazer Homes misses by $0.20, misses on revs

Today BRIEFING.COM


Reports Q1 (Dec) loss of $0.66 per share, $0.20 worse than the Thomson Reuters consensus of ($0.46); revenues fell 48.2% year/year to $110.3 mln vs the $164.3 mln consensus. Total home closings from continuing operations: 527 homes, a 43.6% decrease from the prior year. Co provides additional Q1 metrics. Total new orders from continuing operations: 540 homes, a 23.9% decrease from the prior year. Total Backlog: 800 homes with a sales value of $201.1 mln compared to 960 homes with a sales value of $232.3 mln as of December 31, 2009.

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