Hovnanian Enterprises Q2 GAAP EPS $2.43 Misses $2.45 Estimate, Sales $686.47M Miss $733.20M Estimate

Hovnanian Enterprises (NYSE: HOV) reported quarterly earnings of $2.43 per share which missed the analyst consensus estimate of $2.45 by 0.82 percent. This is a 63.51 percent decrease over earnings of $6.66 per share from the same period last year. The company reported quarterly sales of $686.47 million which missed the analyst consensus estimate of $733.20 million by 6.37 percent. This is a 3.09 percent decrease over sales of $708.38 million the same period last year.