Tuesday 07:35 amBeazer (BZH): FQ4 EPS of $0.87 vs. consensus of -$1.24. Revenue of $376M (-42.1%) vs. $338M. Cancellation rate of 34.7% vs. 46.3% a year ago. "We experienced some moderation in negative market trends, with attractive interest rates, historically high housing affordability and the federal tax credit attracting more prospective buyers to purchase a new home. Nonetheless, elevated unemployment and rising foreclosure activity make it difficult to predict when and to what extent the housing market will sustainably recover." Shares +10.5% premarket. (PR)
1 Comment