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Get the detailed quarterly/annual income statement for Hovnanian Enterprises, Inc. (HOV). Find out the revenue, expenses and profit or loss over the last fiscal year.
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Hovnanian Enterprises Inc (NYSE:HOV) enjoyed an epic run higher after the 2009 recession. From a low at $0.89, it cruised to a high of $7.43 at the end of December 2012. Since then, HOV has pulled back along with other homebuilders even as the economy has continued its slow but steady recovery.
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Hovnanian’s quarterly net loss came in at $115.3 million, or $1.88 a share, vs. a net profit of $168.1 million, or $2.53 a share, a year earlier. Revenue was $1.7 billion compared to $1.8 billion for the fourth quarter of fiscal 2005. In November, the Red Bank, N.J., company warned it expected to post a quarterly loss on land charges.
If the biotech firm could not carryback and carry forward its net operating losses, it would have to pay an effective tax rate of 35%, or $350,000, while the janitorial firm would only have to pay 25% of its ten-year income in taxes, or $250,000, even though both firms earned.