Harbor Custom Development down on FY revenue target cut

Harbor Custom Development

15/08/2022 15:56

** Shares of real estate firm Harbor Custom Development Inc
 HCDI.O  down ~7% to $1.29 in morning trade 
    ** Co posts lower Q2 sales of $10.3 mln compared to $14.1
mln a year earlier, hurt by lower land sales in the qtr
 urn:newsml:reuters.com:*:nGNXbPHjG5
    ** Lowers FY revenue outlook to a range of ~$80 mln to $90
mln from its prior outlook of $160 mln 
    ** YTD, HCDI down ~51%

 (Reporting by Nathan Gomes in Bengaluru)
 ((Nathan.Gomes@thomsonreuters.com;))