Forestar intends to limit land acquisition spending

Forestar reports select preliminary fiscal 2020 second quarter results.q2 revenue $159.1 million versus refinitiv ibes estimate of $176.2 million.results of operations are affected by economic conditions that impact housing and land development markets.there is uncertainty regarding extent and timing of disruption that covid-19.intends to limit its land acquisition spending.withdrawn its previously issued guidance for both fiscal 2020 and 2021.
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