Forestar Group (FOR) Tops Q3 EPS by 22c, Revenues Beat

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Go back to Forestar Group (FOR) Tops Q3 EPS by 22c, Revenues Beat

Forestar Reports Fiscal 2020 Third Quarter Earnings of $0.21 Per Diluted Share

July 23, 2020 4:05 PM EDT

ARLINGTON, Texas--(BUSINESS WIRE)-- Forestar Group Inc. ("Forestar") (NYSE: FOR), a leading national residential lot developer, today reported financial results for its third quarter ended June 30, 2020. Net income attributable to Forestar for the third quarter of fiscal 2020 increased 46% to $10.1 million, or $0.21 per diluted share, compared to $6.9 million, or $0.16 per diluted share, in the same quarter of fiscal 2019. The current quarter results include an income tax benefit of $2.3 million related to the net operating loss carryback provisions of the recently enacted CARES Act.

Revenues for the third quarter of fiscal 2020 increased 102% to $177.9... More