Hovnanian Enterprises (HOV) Misses Q1 EPS by 8c; Plans to Wind Down Certain Operations
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Hovnanian Enterprises Reports Fiscal 2016 First Quarter Results
March 9, 2016 9:15 AM ESTRED BANK, N.J., March 09, 2016 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, reported results for its fiscal first quarter ended January 31, 2016.
RESULTS FOR THEÂ THREE MONTH PERIOD ENDED JANUARYÂ 31, 2016:
Total revenues were $575.6 million in the first quarter of fiscal 2016, an increase of 29.1% compared with $445.7 million in the first quarter of fiscal 2015. Homebuilding gross margin percentage, before interest expense and land charges included in cost of sales, was 16.6% for the first... More