AP NEWS

Hovnanian: Fiscal 1Q Earnings Snapshot

March 5, 2020 GMT

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HOV at https://www.zacks.com/ap/HOV