Forestar Group Q2 Adj EPS $0.64 Misses $0.79 Estimate, Sales $351.00M Miss $379.60M Estimate

Forestar Group (NYSE:FOR) reported quarterly earnings of $0.64 per share which missed the analyst consensus estimate of $0.79 by 18.99 percent. This is a 28.09 percent decrease over earnings of $0.89 per share from the same period last year. The company reported quarterly sales of $351.00 million which missed the analyst consensus estimate of $379.60 million by 7.54 percent. This is a 5.15 percent increase over sales of $333.80 million the same period last year.