Ryland Group (RYL)reported Wednesday after the bell a loss of $1.20 per share compared to a loss of $1.54 per share in the year-ago period.The loss for the recent quaerter included inventory and other valuation adjustements and write offs of $39.1 million or 89 cents per share.
Analysts, on average, estimated a loss of 88 cents per share for the quarter. Analysts' estimate typically exclude one-time items.
Consolidated revenues fell 39.7% year-over-year to $327.8 million and also trailed the consensus estimate of $353.97 million.
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