(Reuters) - For the third quarter ended June 30, Beazer posted a net loss of $123.0 million, or $3.20 per share, compared with a year-earlier profit of $102.6 million, or $2.37 per share.
The latest quarter's results included charges of $188.5 million. A substantial portion of the charges relate to the write-down of the value of operations in Northern California, Nevada and Florida, where housing demand has seen a steep decline as lending requirements tighten and the number of homes on the market have soared.
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The latest quarter's results included charges of $188.5 million. A substantial portion of the charges relate to the write-down of the value of operations in Northern California, Nevada and Florida, where housing demand has seen a steep decline as lending requirements tighten and the number of homes on the market have soared.
Read more at Reuters.com Hot Stocks News
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