Thursday, May 31, 2007

UPDATE 1-Hovnanian posts 2nd-quarter loss, withdraws forecast

(Reuters) - For the fiscal second quarter ended April 30, Hovnanian
posted a net loss of $30.7 million, or 49 cents per share,
compared with a profit of $101.0 million, or $1.55 a share, in
the year-earlier quarter.




On May 4, the Red Bank, New Jersey-based company said it
expected a loss of 45 cents to 50 cents per share, including
land impairment and predevelopment write-offs.


Read more at Reuters.com Bonds News

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