Beazer turns a profit on higher home orders, closings
OtherBeazer Homes USA Inc. ($16.72 0.09%) turned a first-quarter profit with the homebuilder recording more home orders and closings. The Atlanta-based builder posted earnings of $739,000, or 1 cent a share, on revenue of $188.5 million for the period ending Dec. 31. Beazer bested the concensus estimate that the homebuilder would lose 36 cents a share in the quarter, according to analysts polled by Yahoo Finance. That compares to a net loss of $48.8 million, or 65 cents a share, on revenue of $108 million, for the year-ago quarter. The […]