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
The New Home Company Makes C-Suite Shifts
Joseph Davis, Chief Investment Officer of The New Home Company, resigned his post effective June 26, 2015. Mr. Davis, a long-time veteran of The Irvine Company prior to New Home,
Ryland Tops Street in 4Q 2014
Ryland comes in with strong earnings for 4Q 2014 checking in at $1.26 per share and beating the consensus street estimate of $0.96 by a hefty $0.30. Revenue of $867.8M
UCP Profit Jumps On Higher Revenue, Tax Benefit
UCP, Inc. (NYSE:UCP), San Jose, on Monday morning announced net income of $9.3 million for the quarter ended Dec. 31, 2016, up from $7.6 million for the prior-year period. Net
