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February 10, 2009

Beazer Homes loses less in latest quarter

ATLANTA (AP) — Beazer Homes USA said Monday its fiscal first-quarter loss narrowed even as revenue plunged due to a significant falloff in home closings and new orders as the home builder offered fewer sales incentives than it had a year earlier.

Beazer also cut another 300 jobs after the end of the quarter, extending its 32 percent cut in the work force in 2008 and the 70 percent reduction it has imposed since 2006.


 
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