Hovnanian: Fiscal 1Q Earnings Snapshot
MATAWAN, N.J. (AP) _ Hovnanian Enterprises Inc. (HOV) on Thursday reported a loss of $9.1 million in its fiscal first quarter.
The Matawan, New Jersey-based company said it had a loss of $1.49 per share. Losses, adjusted to extinguish debt, were $2.34 per share.
The homebuilder posted revenue of $494.1 million in the period.
Hovnanian shares have risen 18% since the beginning of the year. The stock has increased 52% in the last 12 months.