Forestar Group Inc. Reports Third Quarter 2010 Results: EPS of $0.25

Forestar Group Inc. FOR today reported third quarter 2010 net income of approximately $8.9 million, or $0.25 per diluted share, compared with third quarter 2009 net income of $19.5 million, or $0.54 per diluted share outstanding. Third quarter 2010 results include an after-tax gain of $0.28 per diluted share, from the sale of about 14,100 acres of timberland for approximately $22.6 million. Third quarter 2009 results include an after-tax gain of $0.45 per diluted share, from the sale of about 20,000 acres of timberland for approximately $39.5 million.