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Centex swings to loss in fiscal fourth quarter

SAN FRANCISCO (MarketWatch) — Centex Corp. late Wednesday reported it swung to a fiscal fourth-quarter loss of $910.5 million, or $7.36 a share, from a net income of $198.9 million, or $1.65 a share, a year ago. The loss from continuing operations for the fourth quarter was $7.34 a share. Revenue slid to $2.31 billion from $3.64 billion in the year-ago period, said the Dallas-based home builder. Analysts polled by FactSet Research had expected a loss of $2.14 a share on revenue of $2.09 billion. Home closings during the period decreased 33% to 7,100 homes and average sales price slid 15% to $267,953.
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Original post by Forextvblog

This entry was posted on Wednesday, April 30th, 2008 at 4:48 pm and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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