Industrial Goods - Thursday, December 17, 2009 15:55 - 0 Comments

Hovnanian Enterprises Inc. HOV Shares Down 4.26% in Morning Session

Hovnanian announced that the No. 5 U.S. homebuilder, narrowed its Q4 loss to $3.21 a share, missing views by $1.48. Revenue fell 39% to $437 mil, below views. It fell 9% in late trading.

Last Trade: 4.05
Trade Time: 10:38AM ET
Change: Down 0.18 (4.26%)
Prev Close: 4.23
Open: 3.89
Day’s Range: 3.79 – 4.08
52wk Range: 0.52 – 5.75
Volume: 1,696,361
Avg Vol (3m): 3,840,360
Market Cap: 312.76M

About Hovnanian Enterprises Inc.

Hovnanian Enterprises, Inc. engages in homebuilding and financial services businesses in the United States. The company designs, constructs, markets, and sells single-family detached homes, attached townhomes and condominiums, mid-rise and high-rise condominiums, urban infill, and active adult homes. It markets and builds homes for first-time buyers, first-time and second-time move-up buyers, luxury buyers, active adult buyers, and empty nesters. The company offers homes for sale in 284 communities in 44 markets in 18 states in the United States. It also provides various financial services, including originating mortgages from homebuyers, and title insurance activities. Hovnanian Enterprises was founded in 1959 and is headquartered in Red Bank, New Jersey.