Hovnanian Beats the Street
In its latest quarterly earnings report, Hovnanian posted profit of $322.5M or $1.95 per share versus analyst expectations of 20 cents per share. Notably, $285.1M of profit was from a one-time tax benefit and not operations. The company’s prospects appear to be improving with performance across many key metrics, including deliveries, dollar value of net contracts, revenue and backlog, up from the year ago period.
About author
You might also like
Benchmark Communities Reaches 2,000 New Home Deliveries since 2013 IPO
Benchmark Communities (“Benchmark”), an award-winning national homebuilder, announced today that it has reached a milestone of 2,000 new home deliveries since its parent company, UCP (NYSE:UCP), went public in 2013,
A Housing Pullback In 2017?
According to data compiled by the Federal Reserve Bank of New York, the 10-year term premium moved above zero for the first time in 10 months on the 14th of
KB Misses on 4Q 2015 Earnings
KB Home reported 4Q 2015 earnings of $44 million, or 43 cents a share, compared to analyst expectations of 50 cents a share. KB also reported that average selling prices