Market Overview

UPDATE: Hovnanian Posts Wider FQ1 Loss

Related HOV
9 Stocks That Moved On The Big New Homes Sales Beat
10 Stocks To Watch For September 7, 2017

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.

Posted-In: lossEarnings News


Related Articles (HOV)

View Comments and Join the Discussion!

Partner Center