Forestar beats analysts on earnings

Nov 6, 2014
Austin Business Journal

Forestar Group Inc. saw its share price gain value after it reported third quarter earnings above expectations and a positive outlook heading into the fourth quarter, according to documents filed with the U.S. Securities and Exchange Commission Wednesday


Austin-based Forestar Group, a real estate and oil and gas company, saw its quarterly net income drop to $5.2 million, or 12 cents per share for the three months ended Sept. 30, compared to $11.8 million, or 33 cents per share in the same quarter of 2013


Analysts had expected the real estate company to only bring in 10 cents per share


Forestar shares were trading slightly higher by Wednesday afternoon, up roughly 3 percent to $17.20



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