Nov
03
Einhorn’s Green Brick Property Venture Plunges as Guidance Cut
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Share slide another hit this year for hedge-fund manager
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Green Brick reduced guidance on weather, labor shortages
David Einhorn’s Green Brick Partners Inc. slumped 21 percent in New York trading after cutting its full-year earnings guidance.
The real estate investment company fell to $8.31 at 4 p.m. in New York trading, paring the year’s gain to about 1.3 percent. Green Brick said in a regulatory filing late Friday that 2015 profit will be $22 million to $24 million, lower than a previously announced range of $29 million to $32 million…
Einhorn’s Green Brick Property Venture Plunges as Guidance Cut
