Hovnanian Enterprises (HOV) Misses Q3 EPS by 4c

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Hovnanian Enterprises Reports Fiscal 2015 Third Quarter Results

September 9, 2015 9:15 AM EDT

RED BANK, N.J., Sept. 9, 2015 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, reported results for its fiscal third quarter and nine months ended July 31, 2015.

RESULTS FOR THE THREE AND NINE MONTH PERIODS ENDED JULY 31, 2015:

Total revenues were $540.6 million in the third quarter of fiscal 2015, a decrease of 1.9% compared with $551.0 million in the third quarter of fiscal 2014. For the nine months ended July 31, 2015, total revenues increased 7.4% to $1.46 billion compared with $1.36 billion in the first nine months of the prior year.   Homebuilding gross margin... More