(Reuters) - The Fort Worth, Texas-based builder said results included charges totaling $81.2 million, or 16 cents per share for land options forfeited and for the lower value of inventory of land and houses it owns.
Excluding the land and inventory-related charges, Horton would have reported earnings of 32 cents per share, short of the 36 cents that was the average of analysts' forecasts, according to Reuters Estimates.
Read more at Reuters.com Business News
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