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Beazer Homes posts profit of $999,000 in 1st quarter

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ATLANTA — Beazer Homes USA Inc. (BZH) on Thursday reported fiscal first-quarter net income of $999,000, after reporting a loss in the same period a year earlier.

The Atlanta-based company said it had net income of 3 cents per share. Losses, adjusted for one-time gains and costs, came to 5 cents per share.

The homebuilder posted revenue of $344.4 million in the period.

Beazer shares have dropped 30 percent since the beginning of the year. The stock has declined 46 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BZH at http://www.zacks.com/ap/BZH

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Keywords: Beazer Homes, Earnings Report

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