Hovnanian Enterprises Inc. (HOV) reported a significant increase in profits for its third quarter compared to the previous year.
The company achieved earnings of $70.25 million, or $9.75 per share, surpassing the $53.10 million, or $7.38 per share, recorded in the same quarter last year.
Revenue for the quarter saw an 11.2% increase, climbing to $722.70 million from $649.96 million in the prior year.
A summary of Hovnanian Enterprises Inc.'s third-quarter earnings (GAAP) is as follows:
- Earnings: $70.25 million, up from $53.10 million last year.
- Earnings Per Share (EPS): $9.75, compared to $7.38 last year.
- Revenue: $722.70 million, an increase from $649.96 million last year.
