Homebuilder stocks are in play as several of the top names in the sector are scheduled to report financial results in the upcoming weeks. Two homebuilder stocks that have reported earnings on Wednesday are:
Toll Brothers Inc. (NYSE: TOL) reported EPS of $0.71 per share missing estimates by $0.02 per share.
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Hovnanian Enterprises (NYSE: HOV) reported EPS of $1.95 per share on revenue of $698.40 million; beating top and bottom estimates.
Following the results homebuilders are mixed Wednesday:
S&P Homebuilders ETF: -0.18%
Toll Brothers: +0.57%
Hovnanian Enterprises: +4%
Lennar Corporation: -0.26%
KB Home: -0.43%
Ryland Group: -0.14%
PulteGroup: +0.05%
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