Beazer Homes USA narrows loss on fewer impairments
Revenue slumped to $232.4 million from $500.7 million.
The Atlanta builder said it closed 53% fewer homes
saw new orders drop 56.5%.
backlog of 965 homes worth $227 million compares to last year's backlog of 2,231 homes worth $605 million
first-quarter loss narrowed to $80.3 million, or $2.08 a share, from $138 million, or $3.59 a share
Maybe the healine should have been....
Beazer still losing lots of money even though it is not selling many homes!!!!!!!!!!!!!!!!!