Home

Hovnanian net loss of $469 Million in 4th quarter


Submitted by John on Wed, 2007-12-19 08:58.

After the close of the market on Tuesday, Hovnanian reported a net loss of $469 million, or $7.42 per share, for its fiscal fourth quarter, ended October 31. Analysts on average had forecast a loss of $1.63 per share, according to Reuters Estimates.

http://finance.yahoo.com/q?s=HOV

Current market cap is $479 Milllion, so they lost in one quarter almost what the whole company is worth!

»