Beazer Homes USA 3rd-quarter loss widens
July 31, 2014 11:00 AM | 721 views | 0 0 comments | 5 5 recommendations | email to a friend | print
ATLANTA (AP) — Beazer Homes USA Inc.'s fiscal third quarter loss widened, stung by a loss on debt extinguishment.

The Atlanta homebuilder reported a loss of $12.4 million, or 47 cents per share, for the period ended June 30. That compares with a loss of $5.8 million, or 23 cents per share, in the same quarter a year earlier.

Income from continuing operations was $6.6 million when stripping out a $19.8 million loss on debt extinguishment.

The homebuilder said revenue rose 13 percent to $354.7 million from $314.4 million. Analysts surveyed by FactSet expected higher revenue of $359.9 million.

The average sales price for homes closed on rose 12.1 percent, while new home orders fell 6.6 percent.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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