Hovnanian Enterprises Q3 EPS $7.38 Down From $10.82 YoY, Sales $650.00M Down From $767.59M YoY
Portfolio Pulse from Benzinga Newsdesk
Hovnanian Enterprises reported Q3 earnings of $7.38 per share, a 31.79% decrease YoY. The company also reported sales of $650.00 million, a 15.32% decrease YoY.
August 30, 2023 | 1:17 pm
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NEGATIVE IMPACT
Hovnanian Enterprises reported a significant decrease in both earnings and sales YoY. This could potentially impact the company's stock negatively in the short term.
Hovnanian Enterprises reported a significant decrease in both earnings and sales compared to the same period last year. This indicates a potential downturn in the company's financial performance, which could negatively impact investor sentiment and lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100