Tuesday, July 10, 2007

UPDATE 1-Ryland warns of Q2 net loss on weak housing market

(Reuters) - 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.




Excluding inventory impairments and write-offs, the company
expected to earn 70 cents to 80 cents per share during the
second quarter.


Read more at Reuters.com Market News

No comments: