UPDATE: Hovnanian Posts Wider FQ1 Loss
Hovnanian Enterprises (NYSE: HOV) reported a wider fiscal-first quarter net loss.
Hovnanian posted a quarterly net loss of $24.5 million, or $0.17 per share, versus a year-ago loss of $11.3 million, or $0.08 per share.
Its revenue climbed 1.6% to $364 million versus $358 million. However, analysts were estimating a loss of $0.02 per share on revenue of $406 million.
Hovnanian shares fell 4.94% to $5.77 at 9:50 a.m. ET.
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