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Thursday, Mar 28, 2024

Ryland Expects Loss

Homebuilder Ryland Group Inc. said it expects to post a loss of $1.25 to $1.35 per share for the second quarter. On a preliminary basis, Calabasas-based Ryland said it expects to record sales of 2,521 units, a 17 percent decline from the second quarter of 2006. Closings were down 35 percent on a preliminary basis to 2,461 units, compared to 3,803 units in the year-ago period. Ryland will release its second quarter results on July 25.

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