Tuesday, July 10, 2007

Ryland warns of Q2 net loss on weak housing market

(Reuters) - LOS ANGELES, July 10 - The Ryland Group Inc. warned on Tuesday that it expects to post a second- quarter net loss of $1.25 to $1.35 per share due to continued deterioration in the housing market.



The home builder expects to book additional pre-tax charges of $145 million to $155 million related to inventory impairments and write-offs related to assets in Arizona, California, Florida and Nevada.


Read more at Reuters.com Bonds News

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