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Centex(CTX Quote) posted worse-than-expected results for its fiscal fourth quarter as revenue continued to be hammered amid the ongoing housing downturn.
For the quarter ended March 31, the Dallas-based homebuilder posted a loss from continuing operations of $22.3 million, or 18 cents a share, compared with year-earlier earnings of $369 million, or $2.86 a share.
In January, Centex projected a break-even quarter. Analysts polled by Thomson Financial forecast a loss of 3 cents a share. ...
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