UPDATE: Beazer Reports Wider-Than-Expected FQ3 Loss

Beazer Homes USA Inc BZH reported wider-than-expected fiscal third-quarter loss. Beazer posted a quarterly net loss at $59.1 million, or $0.80 per share, versus a loss of $27.8 million, or $0.41 per share, in the year-ago period. Its loss from continuing operations came in at $0.75 per share. Its revenue dipped 49% to $172.8 million. However, analysts were expecting a loss of $0.46 per share on rev of $230.2 million. Beazer reported that its total home closings dropped 49% to 791 homes. However, new orders climbed 23.7%. Beazer shares dropped 4.12% to $1.86 in after-hours trading.