Beazer Homes reports Q2 EPS (3c), consensus (75c)

Reports Q2 revenue $409.85M, consensus $448.43M. “Second quarter results reflected a positive start to the spring selling season, with results generally in line with our expectations,” said Allan P. Merrill, the Company’s Chairman and Chief Executive Officer. “However, geopolitical events triggered a rapid rise in mortgage rates and gas prices in March, impacting consumer sentiment. As a result, we are more cautious about near-term demand.”