Beazer Homes reports second-quarter loss but tops expectations

MarketsAssociated Press

Beazer Homes USA Inc. (BZH) on Thursday reported a loss of $2 million in its fiscal second quarter.

On a per-share basis, the Atlanta-based company said it had a loss of 8 cents.

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The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.

The homebuilder posted revenue of $299.4 million in the period.

Beazer shares have dropped slightly more than 9 percent since the beginning of the year. The stock has declined slightly more than 6 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BZH at http://www.zacks.com/ap/BZH

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Keywords: Beazer Homes, Earnings Report