Stock message boards
MNV
Market News Video
MNV MNV The 10 Most Popular Large-Caps in ETFs
MNV
MNV
MNV
MNV
MNV
MNV
MNV
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

Toll Brothers Larger Than S&P 500 Component Newfield Exploration
Tuesday, July 29, 4:36 PM ET, by Market News Video Staff

In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Toll ...

Noteworthy ETF Outflows: ITB, DHI, LEN, PHM
Wednesday, July 30, 11:09 AM ET, by Market News Video Staff

Symbols mentioned in this story: ITB, DHI, LEN, PHM Exchange traded funds (ETFs) trade just ...

Toll Brothers Enters Oversold Territory (TOL)
Wednesday, July 30, 12:16 PM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

Lennar Enters Oversold Territory (LEN)
Thursday, July 31, 12:23 PM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

PulteGroup is Now Oversold (PHM)
Thursday, July 31, 12:23 PM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

  More articles:  1 2 3 4 5 6 7 next »

Hovnanian Narrows Loss in Q3

By Market News Video Staff, Thursday, September 8, 10:29 AM ET
Play Video: The Importance of ETFs


If the video does not load after a few moments, Upgrade to the Latest Flash Player.

Homebuilder Hovnanian (NYSE:HOV) posted a narrower third quarter loss after the close of trading yesterday. The company said it lost $50.9 million, or $0.47 per share, compared to a loss of $72.9 million, or $0.92 per share, in last yearís third quarter. The loss was narrower than analysts expected as well, although Hovnanianís revenue fell short of analyst estimates, declining to $285.6 million from $380.6 million.

Hovnanian said net contracts rose 33% in the third quarter, and the contract cancellation rate fell to 18%, compared to 23% last year. The company delivered 1,112 homes in the third quarter, compared to 1,396 in last yearís third quarter. CEO Ara Hovnanian noted that the company sees very few indicators that any recovery in the housing market has begun, so the company is taking steps to run based on current market conditions, with a focus on maintaining liquidity.

Hovnanian shares are trading flat today, while the sector trades lower.Toll Brothers (NYSE:TOL) is lower by 2.2%, PulteGroup (NYSE:PHM) is down 2.9%, DR Horton (NYSE:DHI) fell 1.5% and Lennar (NYSE:LEN) lost 1.3%.


Top Six Most Viewed Stories This Week @ Market News Video:

This Article's Word Cloud:   Brothers   Call   Definition   Definitions   Earnings   Hovnanian   Jones   Lennar   NYSE   PulteGroup   Sale   Share   Short   although   based   company   compared   conditions   contract   delivered   estimates   fell   from   housing   last   liquidity   loss   lost   lower   market   million   narrower   posted   quarter   rate   recovery   rose   said   sector   share   shares   steps   taking   that   third   today   trades   trading   with   year
MNV
MNV
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use - Privacy Policy - Video Widget
MNV
Home  |  Analyst News  Dividend Report  Econonomic News  Insider Report  Large Caps  Market Movers  Week Ahead Report  Weekly Market Wrap
MNV
MNV MNV Chart Zero Stock Market Game Stock Market Definitions
MNV

Hovnanian Narrows Loss in Q3 | Market News Video | Copyright © 2008 - 2014, All Rights Reserved

Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.