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Stock Market & Financial Investment News

News Breaks
February 20, 2013
10:39 EDTSPF, RYL, KBH, MDC, TOL, LEN, BZH, NVR, HOV, PHM, DHIHomebuilders fall after Toll Brothers miss, housing start drop
A number of home builder stocks are falling after leading builder Toll Brothers (TOL) reported weaker than expected first quarter result, and U.S. housing starts came in below expectations. Toll Brothers reported first quarter earnings per share of just 3c, versus analysts' consensus estimate of 10c. Toll's average selling price fell slightly to $569,000 in its first quarter, down from $582,000 during the previous quarter. Moreover, the company invested over $330M in land deals during the first quarter. The company, however, added that it is gaining pricing power as the Spring selling season begins to kick off. On the data front, U.S. housing starts fell a greater than expected 8.5% to a 890K pace in January, although starts of single family units edged up 0.8%. Building permits increased 1.8% last month. In mid-morning trading, Toll Brothers sank 4.5% to $35.30, PulteGroup (PHM) slid 2.6% to $19.42, KB Home (KBH) fell 4% to $18.75, Hovnanian (HOV) gave back 2.95% to $5.59 and Beazer Homes (BZH) lost 2.3% to $16.77.
News For HOV;DHI;PHM;NVR;BZH;MDC;RYL;LEN;KBH;SPF;TOL From The Last 14 Days
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July 30, 2015
16:24 EDTSPFStandard Pacific reports Q2 backlog $1.5B, up 30% from Q2 of FY14
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16:23 EDTSPFStandard Pacific reports Q2 EPS 14c, consensus 14c
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08:13 EDTRYL, SPFRyland Group sees Standard Pacific deal closing in early fall
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08:12 EDTRYLRyland Group reports Q2 EPS 75c, consensus 72c
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July 28, 2015
10:28 EDTDHID.R. Horton says housing getting better
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10:24 EDTDHID.R. Horton sees 2016 revenue growth driven by volume, price
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10:20 EDTDHID.R. Horton sees FY16 consolidated revenue up 10%-15%
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10:20 EDTDHID.R. Horton says sales trends 'solid' in July
Sees Q4 backlog conversion rate 81%-84%. Sees Q4 home sales gross margin in high 19%-20% range. Sees Q4 homebuilding SG&A 8.7%-8.9% of homebuilding revenues. Says sales trends "solid" in July. Sees Q4 Financial Services operating margin 35%-40%. Sees Q4 tax rate 35%-36%. Sees Q4 average selling price $285,000-$290,000. Comments made on the Q3 earnings conference call. D.R. Horton is down 0.52% to $26.60 in morning trading.
07:05 EDTDHID.R. Horton says well-positioned to finish FY strong, have even stronger FY16
07:05 EDTDHID.R. Horton reports Q3 EPS 60c, consensus 50c
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July 27, 2015
10:13 EDTPHMHigh option volume stocks
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July 23, 2015
06:35 EDTPHMPulteGroup reports Q2 EPS 28c, consensus 26c
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July 22, 2015
15:26 EDTPHMNotable companies reporting before tomorrow's open
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July 21, 2015
09:05 EDTNVRNVR reports Q2 new homebuilding order up 11%
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09:02 EDTNVRNVR reports Q2 EPS $21.91, consensus $19.09
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