ATLANTA (AP) 鈥� ATLANTA (AP) 鈥� Beazer Homes USA Inc. (BZH) on Friday reported a loss of $4.2 million in its fiscal third quarter.
On a per-share basis, the Atlanta-based company said it had a loss of 16 cents. Losses, adjusted for asset impairment costs and to extinguish debt, were 9 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 34 cents per share.
The homebuilder posted revenue of $516.3 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $510.4 million.
Beazer shares have increased 65% since the beginning of the year. The stock has risen 44% in the last 12 months.
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