Forestar Group (FOR) Tops Q2 EPS by 4c

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Go back to Forestar Group (FOR) Tops Q2 EPS by 4c

Forestar Group Inc. Reports Second Quarter 2015 Results

August 5, 2015 6:15 AM EDT

AUSTIN, Texas--(BUSINESS WIRE)-- Forestar Group Inc. (NYSE: FOR) today reported a second quarter 2015 net loss of approximately ($34.5) million, or ($1.01) per share outstanding, compared with second quarter 2014 net income of approximately $14.8 million, or $0.34 per share outstanding. Second quarter 2015 results include non-cash charges of approximately ($36.7) million, or ($1.07) per share, after-tax, principally related to impairment of proved properties and unproved leasehold interests and exploratory dry hole costs associated with non-core oil and gas assets in Oklahoma, Nebraska and Kansas. Excluding special items, second quarter 2015 net income was $2.2 million, or $0.06 per share.

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