JMP Securities Upgrades Hovnanian Enterprises (HOV) to Market Perform
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Hovnanian Enterprises Reports Fiscal 2015 Second Quarter Results
June 9, 2015 9:15 AM EDTRED BANK, N.J., June 9, 2015 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, reported results for its fiscal second quarter and six months ended April 30, 2015.
RESULTS FOR THE THREE AND SIX MONTH PERIODS ENDED APRIL 30, 2015:
Total revenues were $468.9 million in the second quarter of fiscal 2015, an increase of 4.2% compared with $449.9 million in the second quarter of fiscal 2014. For the six months ended April 30, 2015, total revenues increased 12.4% to $914.7 million compared with $814.0 million in the first half of the prior year. Homebuilding gross margin... More