ADVFN - Advanced Financial Network.
HOME» NYSE » H » HOV Stock Price » HOV Stock News

Hovnanian Ent Share News

 Hovnanian Enterprises, Inc. Stock Price
HOV Stock Price
 Hovnanian Enterprises, Inc. Stock Chart
HOV Stock Chart
 Hovnanian Enterprises, Inc. Stock News
HOV Stock News
 Hovnanian Enterprises, Inc. Company Information
HOV Company Information
 Hovnanian Enterprises, Inc. Stock Trades
HOV Stock Trades

Hovnanian 2Q Loss Widens As Revenue Plunged Amid Lower Orders

DOW JONES NEWSWIRES Hovnanian Enterprises Inc.'s (HOV) fiscal second-quarter loss widened as revenue fell more than expected amid a drop in orders and bigger land-related charges weighed on the bottom line. Shares were down 3.4% at $2.26 in recent after-hours trading. Hovnanian's contracts have plunged in recent quarters from year-earlier results boosted by the government's first-time homebuyer tax credit, which ended last spring after a rush of buyers flocked to secure it. It faces a lackluster job market and high foreclosure activity. For the quarter ended April 30, Hovnanian reported a loss of $72.7 million, or 69 cents a share, compared with a year-earlier loss of $28.6 million, or 36 cents a share. The latest and prior-year results included $16.9 million and $1.2 million, respectively, in pretax land-related charges. Revenue plunged 20% to $255.1 million. Analysts polled by Thomson Reuters most recently predicted a 51-cent loss on $263 million in revenue. Home-building gross margin fell to 14.8% from 17.3%. Net contracts including unconsolidated gross ventures fell 17% to 1,166 homes. Contract backlog on the same basis ended the period down 21% from a year earlier by number of homes. The cancellation rate, excluding unconsolidated joint ventures, rose to 20% from 17%. -By Matt Jarzemsky, Dow Jones Newswires; 212-416-2240;

Stock News for Hovnanian Ent (HOV)
06/12/201511:38:00SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation...
06/09/201515:37:07Why Shares of Hovnanian Enterprises Inc. Declined Today
06/09/201511:10:06Hovnanian's Quarterly Loss Widens
05/27/201511:30:00Hovnanian Enterprises Announces Second Quarter Fiscal Year 2015...
05/12/201515:30:00Hovnanian Enterprises' Presentation at the 8th Annual J.P. Morgan...
04/28/201513:00:00Hovnanian Enterprises' Presentation at the 2015 Wells Fargo Industrial...
03/12/201516:17:47MARKET SNAPSHOT: U.S. Stocks: Futures Rise After Mixed Economic...
03/12/201516:10:14MARKET SNAPSHOT: U.S. Stocks: Futures Up Ahead Of Retail Sales...
03/12/201516:08:35MARKET SNAPSHOT: U.S. Stocks: Futures Creep Higher Ahead Of Retail...
03/12/201516:07:46MARKET SNAPSHOT: U.S. Stocks: Futures Rise Ahead Of Retail Sales
03/12/201516:05:53MARKET SNAPSHOT: U.S. Stocks: Futures Rise Ahead Of Retail Sales
03/12/201512:19:07MARKET SNAPSHOT: U.S. Stocks: Futures Rise Ahead Of Retail Sales
03/12/201509:15:00Hovnanian Enterprises Reports Fiscal 2015 First Quarter Results
02/26/201513:00:00Hovnanian Enterprises Announces First Quarter Fiscal Year 2015...
02/16/201513:00:00Hovnanian Enterprises' Presentation at the 2015 J.P. Morgan Global...
12/15/201413:18:46U.S. Home-Builder Confidence Declined Slightly in December
12/10/201409:15:00Hovnanian Enterprises Reports Fiscal 2014 Results
09/04/201411:33:30MARKET SNAPSHOT: S&P 500, Dow Hit Intraday Record Highs
09/04/201409:49:39MARKET SNAPSHOT: U.S. Stocks Open Up After ECB Rate Cut
09/04/201409:05:14MARKET SNAPSHOT: U.S. Stocks: Futures Higher After ECB Rate Cut...

Hovnanian Ent and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations