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Why Beazer Homes Stock Was Falling Today

TheMotleyFool

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Why Beazer Homes Stock Was Falling Today: https://g.foolcdn.com/editorial/images/719363/a-person-deep-in-thought.jpg

Beazer Homes USA (NYSE: BZH) saw its share price plummet on Friday, as it was down about 10.1% as of 1:50 p.m. ET. The stock was trading at around $15.50 per share, up roughly 21% year to date in the same time frame.

The major indexes were down on Friday, as the S&P 500 was down 39 points (-0.9%), the Dow Jones Industrial Average was down 169 points (-0.5%), and the Nasdaq Composite was down 142 points (-1.2%).

Beazer Homes, a homebuilder based in Atlanta, fell Friday after it released fourth-quarter earnings on Thursday, Feb. 2. The company beat earnings expectations but fell short of revenue projections in the quarter.

Source Fool.com

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