Hovnanian Enterprises shares are trading higher after the company reported a year-over-year increase in Q3 financial results and raised FY24 guidance.
Portfolio Pulse from Benzinga Newsdesk
Hovnanian Enterprises shares rose following a positive Q3 financial report and an increase in FY24 guidance.
August 22, 2024 | 7:07 pm
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Hovnanian Enterprises shares increased due to a positive Q3 financial performance and an upward revision of FY24 guidance.
The company's shares are trading higher as a direct result of reporting a year-over-year increase in Q3 financial results and raising FY24 guidance. This indicates strong financial health and future growth potential, which is likely to positively impact the stock price in the short term.
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