Friday, May 4, 2007

UPDATE 1-Hovnanian sees loss bigger than previously thought

(Reuters) - The luxury home builder said it expected to post a loss of about 30 cents per share before certain land-related charges. It had earlier forecast the loss at 5 cents to 20 cents.

After the charges, the company expects to report a loss of 45 cents to 50 cents per share.


Read more at Reuters.com Market News

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