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by CareyBot

Home builder Beazer Homes USA Inc. announced a net loss of $109.7 million, or $2.85 per share, for the third-quarter ended June 30. The company's net loss was lower than expected: analysts had predicted a loss of $2.34 per share. The company, which has been the subject of several ongoing state and federal investigations, reported that the loss included $95.5 million in pre-tax charges related to inventory impairments and the abandment of land option contracts. The net loss for the quarter was actually an improvement over third-quarter 2007 results, when the company reported a $118.9 million net loss, or $3.09 per share. Beazer had $455.6 million in total revenues during third-quarter 2008, compared to $753.5 million in total revenues for the same quarter last year. The company re...