wer heute spass haben will: CTX - übrigens dass einer der grössten häusle-bauer mal kurzerhand die earnings-schätzung halbiert, spricht doch ganz klar für blühende landschaften... äh alltimehigh
AP
Centex Cuts Fiscal 2Q Earnings View
Thursday October 12, 5:43 pm ET
Centex Slices 2Q Earnings Outlook in Half on Record Contract Cancellations
DALLAS (AP) -- Centex Corp., one of the biggest home builders in the U.S., said Thursday it expects fiscal second-quarter earnings to fall significantly below its own and Wall Street's estimates because of "record levels" of home sales contract cancellations.
For the quarter ended Sept. 30, the company said it now expects earnings from continuing operations of 65 cents to 75 cents per share, down from an outlook of $1.40 per share in July.
Analysts polled by Thomson Financial forecast earnings of $1.33 per share.
Housing operating earnings are expected to total about $230 million based on 8,525 home closings.
Net sales, or orders, for the quarter were 6,828, a decrease of 28 percent from last year's second quarter.
Centex said in many cases buyers canceled home sales contracts because they couldn't sell their existing homes.
The company said it will release its earnings on Oct. 24 after the market closes.
Centex shares tumbled in after-hours trading, losing $2.39, or 4.3 percent, at $52.70.
http://biz.yahoo.com/ap/061012/centex_earnings.html?.v=1&pri…