1040 ET - Beazer Homes USA's latest results stand in contrast to other home builders who've outperformed Wall Street's expectations. The Atlanta home builder missed on its sales and closings guidance in fiscal 1Q. CEO Allan Merrill on an earnings call says strength in October waned in November and weakened further in December. "As a result, we sold fewer homes and had to spend more on incentives for the sales we made," he adds. Merrill notes that the most challenging markets were in Texas and Florida, where higher inventory levels led to sluggish sales and more aggressive incentives. Shares decline 14% to $23.76 after 1Q earnings missed estimates, on pace for its largest percentage decline since June 2022. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
January 31, 2025 10:40 ET (15:40 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。