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December 3, 2008

Beazer's quarterly loss balloons to $474M

ATLANTA (AP) — Home builder Beazer Homes USA gave Wall Street a double-shot of discouraging news Tuesday: Its fiscal fourth-quarter loss more than tripled from a year ago and it expects to lose money throughout 2009.

“Conditions in both the overall economy and housing market were under greater pressure during our fourth quarter and have continued to deteriorate since that time,” Beazer CEO Ian J. McCarthy told analysts.


 
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