Forestar Group GAAP EPS of $0.70 misses by $0.11, revenue of $407M misses by $30.75M

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Forestar Group press release ( FOR ): Q3 GAAP EPS of $0.70 misses by $0.11 . Revenue of $407M (+4.2% Y/Y) misses by $30.75M . Lots sold during the third quarter increased 1% to 3,659 lots compared to 3,605 lots in the same quarter of

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Forestar Group's Q3 GAAP EPS of $0.70 missed market expectations by $0.11, with revenue at $407 million, falling short of estimates by $30.75 million. While year-over-year revenue grew by 4.2% and land sales volume increased by 1% to 3,659 lots, profitability metrics failed to meet market expectations. This lackluster performance indicates cost pressures and margin compression in the housing construction market, requiring a cautious approach from investors.

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