(Reuters) - The Denver-based company posted a net loss of $106.1
million, or $2.32 a share, compared with net income of $76.5
million, or $1.66 a share, a year earlier.
The result includes pretax charges of $161.1 million for
asset impairments and $6.4 million for write-offs of deposits
and pre-acquisition costs associated with land option contracts
that it does not intend to pursue.
Read more at Reuters.com Bonds News
million, or $2.32 a share, compared with net income of $76.5
million, or $1.66 a share, a year earlier.
The result includes pretax charges of $161.1 million for
asset impairments and $6.4 million for write-offs of deposits
and pre-acquisition costs associated with land option contracts
that it does not intend to pursue.
Read more at Reuters.com Bonds News
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