After the Bell-Ryland shares drop 5.6 pct after Q2 results

Wed Jul 23, 2008 9:51pm BST
 
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NEW YORK, July 23 (Reuters) - Shares of Ryland Group Inc (RYL.N: Quote, Profile, Research) fell 5.66 percent to $25 in after-hours trade on Wednesday after the No. 9 U.S. homebuilder posted a deeper quarterly loss, citing inventory write-offs, joint venture impairments and an income tax charge.

For details, see [ID: nN23429950]. (Reporting by Walter Brandimarte; Editing by James Dalgleish)

 
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