Forestar Group blows past earnings estimates, shares rise Forestar - TopicsExpress

Forestar Group blows past earnings estimates, shares rise Forestar Group Inc., an Austin-based real estate, energy and fiber resource company, saw its share price rise Wednesday after the company reported quarterly financial results that beat analysts expectations. By late afternoon, Forestar Group (NYSE: FOR) shares were up $1.34, or more than 7 percent, to $20.01. “During the second quarter, residential lot sales remained strong and we are developing lots commensurate with inventories and home buyer demand. Multifamily market conditions remain favorable…

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