Hovnanian Enterprises Reports Fiscal 2016 First Quarter Results

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Go back to Hovnanian Enterprises Reports Fiscal 2016 First Quarter Results

Hovnanian Enterprises (HOV) Misses Q1 EPS by 8c; Plans to Wind Down Certain Operations

March 9, 2016 9:18 AM EST

Hovnanian Enterprises (NYSE: HOV) reported Q1 EPS of ($0.11), $0.08 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $575.6 million versus the consensus estimate of $580.31 million.

Adjusted EBITDA was $38.8 million, from $21.3 million posted in the same period last year.

We are pleased by our strong start to the fiscal year, which was highlighted by an 83% increase in... More