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Beazer Homes (BZH +4.9%) moves up today in spite of posting a mixed FQ1 report earlier, beating...

Beazer Homes (BZH +4.9%) moves up today in spite of posting a mixed FQ1 report earlier, beating on its bottom line but coming up slightly short on revenue expectations. Net profit actually swung to a loss as the home builder's year-ago results were boosted by a larger income-tax benefit, though total revenue grew by 31% in the latest period on a 20% jump in total home closings. Cancellation rates also came down to 26.4% from 35.1%, while new orders rose 29% to 932 homes.

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