Beazer Homes USA Inc. Q3 Income Retreats 50%

(RTTNews) - Beazer Homes USA Inc. (BZH) released a profit for third quarter that lost ground compared to the same period last year.

The company said its earnings dropped to $6.1 million, or $0.19 per share. This was down from $12.2 million, or $0.38 per share, in last year's third quarter.

Analysts had expected the company to earn $0.11 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.1% to $459.94 million. This was up from $429.44 million last year.

Beazer Homes USA Inc. earnings at a glance:

-Earnings (Q3): $6.1 Mln. vs. $12.2 Mln. last year. -Earnings Decline (Y-o-Y): -50.0% -EPS (Q3): $0.19 vs. $0.38 last year. -EPS Decline (Y-o-Y): -50.0% -Analysts Estimate: $0.11 -Revenue (Q3): $459.94 Mln vs. $429.44 Mln last year. -Revenue Change (Y-o-Y): 7.1%