Hovnanian Enterprises Inc. (HOV) Posts Q2 Loss of 5c/Share

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Go back to Hovnanian Enterprises Inc. (HOV) Posts Q2 Loss of 5c/Share

Hovnanian Enterprises Reports Fiscal 2014 Second Quarter Results

June 4, 2014 9:15 AM EDT

RED BANK, N.J., June 4, 2014 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, reported results for its fiscal second quarter and six months ended April 30, 2014.

RESULTS FOR THE THREE AND SIX MONTH PERIODS ENDED APRIL 30, 2014:

Total revenues were $449.9 million for the second quarter ended April 30, 2014, an increase of 6.4% compared with $423.0 million in the fiscal 2013 second quarter. For the six months ended April 30, 2014, total revenues increased 4.2% to $814.0 million compared with $781.2 million in the first half of the prior year.   Homebuilding gross margin percentage, before... More