Tuesday, November 10, 2009

Beazer Homes USA, Inc. Climbs 10% after Results

. Tuesday, November 10, 2009

By stockOzone team

Beazer Homes USA, Inc. (NYSE: BZH) today announced its fourth quarter profit of $33.8 million from a loss of $473.9 million last year. However, due to high unemployment, Beazer Homes is still not sure as to when the housing market will see a boom inspite of low interest rates. Beazer reported revenues of $376.3 million as compares to $649.8 million same quarter last year.

Beazer Homes surged 10.45% to $5.18 in the pre-market session.

BZH has a 52-week trading range of $0.24 - $6.93. Till now during the current calendar year the stock has surged over 196%. Yesterday, the stock ended at $4.69.

Disclosure: Author does not own any of the stocks discussed here.

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