Why Beazer Homes Stock Dropped Today

Shares of Beazer Homes (BZH -7.88%) fell 7.9% on Friday after the home construction company announced weaker-than-expected quarterly results.Why Beazer's "strong" quarter just wasn't enoughFor Beazer's fiscal first quarter ended Dec. 31, 2023, revenue declined 13.1% year over year to $386.8 million, translating to net income of just under$31 million, or $0.70 per share. Analysts, on average, were looking for earnings of$0.71 per share on revenue of $420.7 million. Beazer Chairman and CEO Allan Merrill cal ...