Hovnanian Enterprises Inc. (HOV) Posts Q4 GAAP Loss of 59c/Share

Hovnanian Enterprises Inc. (NYSE: HOV) reported Q4 GAAP loss of ($0.59), which may not compare with the analyst estimate of ($0.06). Revenue for the quarter came in at $487 million versus the consensus estimate of $461.11 million.

* Deliveries, including unconsolidated joint ventures, were 1,750 homes during the fourth quarter of 2012, up 40.6% compared with 1,245 homes in the same period of the prior year. During the twelve months ended October 31, 2012, deliveries, including unconsolidated joint ventures, were 5,356 homes compared with 4,216 homes during the twelve month period a year ago, an increase of 27.0%.

* Contract backlog, as of October 31, 2012, including unconsolidated joint ventures, was $742.2 million for 2,145 homes, which was an increase of 34.4% and 29.0%, respectively, compared to October 31, 2011.

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

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