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Hovnanian reports tenfold loss

Source: CNN

Horsham : PA : USA | about 1 year ago

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The Red Bank-based company said Tuesday that after paying preferred stock dividends, it lost $340 million, or $5.29 per share, for the quarter that ended April 30. That's about 10 times greater than the loss of about $30 million, or 49 cents per share, in the same period a year earlier.

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Hovnanian Reports 2Q loss of $340.7 Mln, Revenue down 30 Pct

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For the quarter ended April 30, the family-run home builder reported a net loss of $340.7 million, or $5.49 a share, compared with a net loss of $28.1 million, or 49 cents a share, a year earlier. Revenue was $776.4 million in the latest period, down...
Hovnanian reports tenfold loss

News Source: CNN | about 1 year ago

The Red Bank-based company said Tuesday that after paying preferred stock dividends, it lost $340 million, or $5.29 per share, for the quarter that ended April 30. That's about 10 times greater than the loss of about $30 million, or 49 cents per...
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Homebuilder Hovnanian Enterprises Inc. on Tuesday evening said second-quarter losses grew tenfold from a year earlier as it reported its seventh consecutive negative quarter. Red Bank-based Hovnanian blamed a "persistently challenging market...
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News Source: International Business Times | about 1 year ago

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