Hovnanian Enterprises (HOV) Misses Q2 EPS by 2c

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Hovnanian Enterprises Reports Fiscal 2018 Second Quarter Results

June 7, 2018 9:15 AM EDT

Increases in Gross Margin Percentage, Contracts per Community and Lots ControlledLower Community Count Continues to Challenge ResultsSolus Litigation Dismissed and Concluded Favorably for HovnanianCompany Optimistic about Continued Growth in Controlled Lots and the Future

MATAWAN, N.J., June 07, 2018 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, reported results for its fiscal second quarter and six months ended April 30, 2018.

We are encouraged that the number of consolidated lots controlled increased year-over-year... More