Hovnanian Enterprises Inc. Reveals 13% Decline In Q4 Earnings

(RTTNews) - Hovnanian Enterprises Inc. (HOV) revealed earnings for fourth quarter that decreased from last year.

The company said its profit declined to $22.29 million, or $0.14 per share. This was lower than $25.52 million, or $0.16 per share, in last year's fourth quarter.

The company said revenue for the quarter rose 16.1% to $805.07 million. This was up from $693.20 million last year.

Hovnanian Enterprises Inc. earnings at a glance:

-Earnings (Q4): $22.29 Mln. vs. $25.52 Mln. last year. -Earnings Decline (Y-o-Y): -12.7% -EPS (Q4): $0.14 vs. $0.16 last year. -EPS Decline (Y-o-Y): -12.5% -Revenue (Q4): $805.07 Mln vs. $693.20 Mln last year. -Revenue Change (Y-o-Y): 16.1%