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Article: Avatar Reports Third Quarter Results of Operations.
- Article from:
- PR Newswire
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CORAL GABLES, Fla., Nov. 9 /PRNewswire-FirstCall/ -- Avatar Holdings Inc. today reported a net loss of $8,811,000 ($1.01 per share, diluted) for the three months ended September 30, 2009, compared to a net loss of $22,125,000 ($2.59 per share, diluted) for the three months ended September 30, 2008.
Avatar reported a net loss of $27,182,000 ($3.13 per share, diluted) for the nine months ended September 30, 2009, compared to a net loss of $29,918,000 ($3.50 per share, diluted) for the same period in 2008.
During the three months ended September 30, 2009, Avatar closed on 76 homes, a 15% increase over the 66 homes closed during the three months ended ...