Hovnanian Enterprises (HOV) Misses Q3 EPS by 6c

Hovnanian Enterprises (NYSE: HOV) reported Q3 EPS of $0.00, $0.06 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $716.9 million versus the consensus estimate of $732.51 million.

For the third quarter of fiscal 2016, Adjusted EBITDA was $56.3 million compared with $32.2 million during the third quarter of 2015, a 74.8% increase.

GUIDANCE:

Hovnanian Enterprises sees FY2016 revenue of $2.7-2.9 billion, versus the consensus of $2.75 billion.

For earnings history and earnings-related data on Hovnanian Enterprises (HOV) click here.

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