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News Watch
- 12/11/2008 2:22:27 AM
By Chip Brian, SmarTrend Analytics Team
Tuesday afternoon, Centex Corp. (NYSE:CTX) reported a loss of $202 million, or $1.62 per diluted share, from continuing operations for the second quarter ended September 30, 2008. Last year the company reported a loss of $645 million, or $5.27 per diluted share. Included as part of the loss is $103 million related to land charges and impairments. Revenue decreased 54 percent from last year to $1.01 billion. Shares of Centex were up 65 cents to $9.26 at the close of the market Tuesday.
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