Forestar drops as FY revenue forecast misses expectations

Forestar

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))