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The Ryland Group, Inc

Last post 07-24-2008 6:26 PM by haphan888. 1 replies.
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  • 07-24-2008 12:25 PM

    The Ryland Group, Inc

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    Ryland Group:

    RYL 21.40, -5.10, -19.2%) reported a second-quarter net loss of $241.6 million, or $5.70 a share, widening from $52.4 million, or $1.25 a share, a year earlier. The homebuilder wrote down the value of its inventory of unsold homes and took other write-offs and impairments totaling $180.4 million in the latest quarter. Ryland was expected to post a loss of 79 cents a share, according to Thomson Reuters. Homebuilding revenue dropped 35% to $472.3 million as the company closed fewer home sales. New orders fell almost 19%.

  • 07-24-2008 6:26 PM In reply to

    Re: The Ryland Group, Inc

    Reply

    Thanks for the info.
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