Hovnanian Enterprises (HOV) Reports Q2 Loss of $0.05/Share

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Hovnanian Enterprises Reports Fiscal 2017 Second Quarter Results

June 2, 2017 9:15 AM EDT

RED BANK, N.J., June 02, 2017 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, reported results for its fiscal second quarter and six months ended April 30, 2017.

We made progress during our second fiscal quarter toward our goal of returning to consistent profitability. We experienced a strong spring selling season reflected in an 18.5% increase in net contracts per active selling community during the quarter, stated Ara K. Hovnanian, Chairman of the Board, President and Chief Executive Officer. As we discussed last quarter, the cumulative effect of our decision to... More