Hovnanian Enterprises Inc: Jumps on Q3 revenue beat

Hovnanian Enterprises

05/09/2019 17:00

** Real estate co's shares  HOV.N  rise as much as ~18% to
$9.81 after better-than-expected Q3 revenue  
    ** Stock at more than one-month high, on two-day winning
streak
    ** Co posts Q3 revenue of $482 mln vs est. Of $462 mln
 urn:newsml:reuters.com:*:nGNX5HJtT2   
    ** However, posts bigger-than-expected Q3 loss
    ** Stock among best performers across all U.S. exchanges 
    ** Despite session's gains stock down ~45% YTD

 (Reporting by Abhishek Manikandan in Bengaluru)
 ((Abhishek.Manikandan@thomsonreuters.com))