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Jul 28, 2011

D.R. Horton beats Street, shares rise

NEW YORK, July 28 (Reuters) – D.R. Horton Inc (DHI.N: Quote, Profile, Research, Stock Buzz), the
largest U.S. homebuilder, reported a bigger-than-expected
quarterly profit, helped by cost cuts.

The company managed to cut its selling, general and
administrative expenses to 11.7 percent of its revenue, one of
the best levels in the industry, wrote Credit Suisse analyst
Dan Oppenheim in a note to clients.

Jul 28, 2011

D.R. Horton beats Street, shares rise

NEW YORK, July 28 (Reuters) – D.R. Horton Inc (DHI.N: Quote, Profile, Research), the
largest U.S. homebuilder, reported a bigger-than-expected
quarterly profit, helped by cost cuts.

The company managed to cut its selling, general and
administrative expenses to 11.7 percent of its revenue, one of
the best levels in the industry, wrote Credit Suisse analyst
Dan Oppenheim in a note to clients.

Jul 28, 2011

Starwood beats Street, raises outlook

NEW YORK, July 28 (Reuters) – Starwood Hotels & Resorts
Worldwide Inc (HOT.N: Quote, Profile, Research, Stock Buzz) reported a higher-than-expected quarterly
profit and raised its full-year forecast, helped by overseas
business and healthy demand from the business traveler.

The company, which franchises and manages hotels under the
high-end Sheraton, W and Le Meridien brands, forecast 2011
earnings before special items of $1.67 to $1.77 per share, up
from an earlier forecast of $1.60 to $1.70.

Jul 27, 2011

Wyndham Worldwide beats Street, raises outlook

NEW YORK, July 27 (Reuters) – Wyndham Worldwide Corp
(WYN.N: Quote, Profile, Research, Stock Buzz) reported a higher-than-expected quarterly profit on
strong revenue growth at its hotel business and raised its
full-year outlook, sending shares up more than 5 percent.

The company, which franchises hotels under the Days Inn,
Ramada and Super 8 brands, said on Wednesday it now sees full
year adjusted earnings in the range of $2.32-$2.40 per share on
revenue of $4.2 billion-$4.3 billion.

Jul 15, 2011

Mattel 2nd-quarter profit tops Wall Street estimates

NEW YORK (Reuters) – Mattel Inc (MAT.O: Quote, Profile, Research, Stock Buzz), the world’s largest toy company, reported a higher-than-expected quarterly profit on strong sales of its Barbie dolls and toys based on the “Cars 2″ movie.

Shares of Mattel rose more than 5 percent in premarket trading as the higher sales more than compensated for a drop in margins caused by rising costs.

Jul 13, 2011

Marriott quarterly profit up 13 percent

NEW YORK, July 13 (Reuters) – Marriott International Inc
(MAR.N: Quote, Profile, Research, Stock Buzz), operator of Marriott, Residence Inn and Ritz-Carlton
hotels, reported a 13 percent increase in quarterly profit on
Wednesday.

Marriott shares dropped 4.6 percent to $35.43 in after-hours
trading after the company issued a full-year forecast that was
slightly below its previous guidance.

Jul 1, 2011

Manhattan apartment prices up slightly in second quarter

NEW YORK (Reuters) – Manhattan apartment prices rose slightly in the second quarter as a stable job market buttressed local housing, according to reports released on Friday by New York City’s biggest residential real estate brokerages.

But that stability is at risk from an impending round of job cuts on Wall Street.

Jul 1, 2011

Manhattan apartment prices up slightly in 2nd qtr

NEW YORK, July 1 (Reuters) – Manhattan apartment prices
rose slightly in the second quarter as a stable job market
buttressed local housing, according to reports released on
Friday by New York City’s biggest residential real estate
brokerages.

But that stability is at risk from an impending round of
job cuts on Wall Street.

Jun 29, 2011

KB Home Q2 loss wider than expected

NEW YORK (Reuters) – KB Home (KBH.N: Quote, Profile, Research, Stock Buzz) reported a wider-than-expected quarterly loss as margins and homes prices fell and writedowns of land values rose, sending shares of the fifth-largest U.S. homebuilder down 10 percent.

This summer marks the fifth anniversary of the U.S. housing slump, which followed years of rampant risky lending and speculation.

Jun 29, 2011

KB Home Q2 loss wider than expected; shares slump

NEW YORK, June 29 (Reuters) – KB Home (KBH.N: Quote, Profile, Research, Stock Buzz) reported a
wider-than-expected quarterly loss as margins and homes prices
fell and writedowns of land values rose, sending shares of the
fifth-largest U.S. homebuilder down 10 percent.

This summer marks the fifth anniversary of the U.S. housing
slump, which followed years of rampant risky lending and
speculation.

    • About Helen

      "Helen Chernikoff is a reporter covering homebuilders such as Pulte Homes, the biggest in the country, and logistics companies UPS and FedEx from her home base in the New York area, where she also raises two small children, learns how to knit and, sometimes, sleeps."
      Joined Reuters:
      January, 2006
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