Forestar drops as FY revenue forecast misses expectations
18/04/2024 13:57
** Shares in Forestar Group Inc FOR.N fall 3.4% premarket
** The residential lot developer forceasts 2024 revenue
below estimates
** Expects FY revenue of $1.4 bln to $1.5 bln, missing
analysts' estimates of $1.53 bln, according to LSEG data
** Forestar shares gained 3.3% YTD
(Reporting by Ozan Ergenay)
((ozan.ergenay@thomsonreuters.com))