Hovnanian (HOV) Q3 Earnings and Revenues Miss Estimates

Hovnanian (HOV) came out with quarterly earnings of $1.99 per share, missing the Zacks Consensus Estimate of $3.51 per share. This compares to earnings of $9.75 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -43.30%. A quarter ago, it was expected that this homebuilder would post earnings of $2.45 per share when it actually produced earnings of $2.43, delivering a surprise of -0.82%.Over the last four quarters, the company ha ...