MATAWAN, N.J. (AP) — MATAWAN, N.J. (AP) — Hovnanian Enterprises Inc. (HOV) on Thursday reported a loss of $667,000 in its fiscal fourth quarter.
The Matawan, New Jersey-based company said it had a loss of 51 cents per share. Earnings, adjusted to extinguish debt and for asset impairment costs, came to $5.96 per share.
The homebuilder posted revenue of $817.9 million in the period.
For the year, the company reported profit of $63.9 million, or $7.43 per share. Revenue was reported as $2.98 billion.
For the current quarter ending in January, Hovnanian said it expects revenue in the range of $550 million to $650 million.
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