Beazer Homes Loss More Than Doubles

Atlanta, GA, Aug. 9, 2011 -- Beazer Homes reported a net loss of $59.1 million for the third quarter compared to a net loss of $27.8 million in the same period last year.

However, the company said it had total new orders of 1,215 homes, a 24% increase from the prior year, and a 4% increase from the prior quarter, while total home closings were 791 homes, a 49% decrease from the prior year, but a 40% increase from the second quarter.

Revenue was $172.8 million, compared to $321.8 million in the prior year.