Beazer Homes Usa, Inc. (NYSE: BZH) reported Q2 EPS of $0.32, $0.52 better than the analyst estimate of ($0.20). Revenue for the quarter came in at $270.02 million versus the consensus estimate of $292.87 million.

"Despite inclement weather and a slower start to the spring selling season than anticipated, we made further progress on our operational and financial objectives during the quarter," said Allan Merrill, President and CEO of Beazer Homes. "We exceeded our expectations for sales per community, increased gross margins, improved Adjusted EBITDA and invested heavily for our long-term growth. These results allow us to reaffirm our confidence in delivering full year profitability in Fiscal 2014 and in making substantial progress on our multi-year "2B-10" target this year."

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