Hovnanian Enterprises Inc. (HOV) Misses Q1 EPS by 4c
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Hovnanian Enterprises Reports Fiscal 2015 First Quarter Results
March 12, 2015 9:15 AM EDTRED BANK, N.J., March 12, 2015 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, reported results for its fiscal first quarter ended January 31, 2015.
RESULTS FOR THE THREE MONTH PERIOD ENDEDÂ JANUARY 31, 2015:
Total revenues were $445.7 million in the fiscal 2015 first quarter, an increase of 22.4% compared with $364.0 million in the prior year's first quarter. Â Homebuilding gross margin percentage, before interest expense and land charges included in cost of sales, was 18.2% for the fiscal 2015 first quarter, compared with 18.8% during the first quarter of fiscal 2014. Â Adjusted EBITDA increased 84.8% to $21.3... More