Hovnanian Enterprises Slips To Loss In Q2; Stock Up 4.5% Of Rosy Q3 Revenue Outlook

Hovnanian Enterprises reported a second-quarter net loss of $2.95 million, or $0.46 per share, versus net income of $17.06 million, or $2.43 per share, in the prior-year quarter. The swing to a loss marks a clear deterioration in profitability for the homebuilder, though the article provides no revenue or guidance details.

Analysis

Hovnanian Enterprises reported a second-quarter net loss of $2.95 million, or $0.46 per share, versus net income of $17.06 million, or $2.43 per share, in the prior-year quarter. The swing to a loss marks a clear deterioration in profitability for the homebuilder, though the article provides no revenue or guidance details.