Hovnanian Enterprises Reports Fiscal 2014 First Quarter Results

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Hovnanian Enterprises (HOV) Posts Q1 Loss of 17c/Share

March 5, 2014 9:17 AM EST

Hovnanian Enterprises Inc. (NYSE: HOV) reported Q1 EPS of ($0.17), $0.12 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $364 million versus the consensus estimate of $401.52 million.

Deliveries, including unconsolidated joint ventures, were 1,138 homes during the fiscal 2014 first quarter, a 4.2%... More