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Centex reports 1Q results

Centex Corp reported financial results for its fiscal first quarter ended June 30, 2009. Fiscal 2010's first quarter revenues were $574 million, 49% lower than the same quarter last year. Earnings from continuing operations for the first quarter were $85 million, or $0.68 per diluted share, up from a loss of $169 million, or $1.36 per diluted share, in the previous year's fiscal first quarter. Included in the first quarter of fiscal 2010's results is a $410 million tax benefit resulting from favorable tax developments.



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