Hovnanian Enterprises Inc. (HOV) announced earnings for third quarter that Dropped, from last year
The company's earnings came in at $13.946 million, or $1.99 per share. This compares with $70.250 million, or $9.75 per share, last year.
The company's revenue for the period rose 10.8% to $800.583 million from $722.704 million last year.
Hovnanian Enterprises Inc. earnings at a glance (GAAP) :
-Earnings: $13.946 Mln. vs. $70.250 Mln. last year.-EPS: $1.99 vs. $9.75 last year.-Revenue: $800.583 Mln vs. $722.704 Mln last year.
Looking ahead, for the fourth quarter, Hovnanian Enterprises anticipates a steep decline in adjusted EBITDA and revenue.
For the fourth quarter of fiscal 2025, the company expects adjusted EBITDA of $77 million to $87 million, on revenue of $750 million to $850 million.
For the final quarter of fiscal 2024, Hovnanian Enterprises had reported adjusted EBITDA of $158.954 million, on revenue of $979.638 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.