NEW YORK (Reuters) - Beazer Homes USA posted a wider quarterly loss on Tuesday, citing a further deterioration of the U.S. housing market due to lower consumer confidence levels and reduced access to mortgage financing.
The company posted a net loss from continuing operations of $475.2 million, or $12.32 a share, for its fiscal fourth quarter, ended September 30. That compared with a year-ago loss of $152 million, or $3.95 a share.
The net loss in the quarter rose to $12.29 a share, from a year-ago loss of $4.03 a share, the company said in a statement.
Atlanta-based Beazer said its cash position as of September 30 was $584.3 million, up from $314.2 million at June 30.
Quarterly revenue fell to $712.6 million, from $1.09 billion, a year earlier.
(Reporting by Euan Rocha; Editing by Steve Orlofsky)
