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December 12, 2013
09:17 EDTHOVHovnanian reports Q4 EPS 21c, consensus 16c
Reports Q4 revenue $591.7M, consensus $582.89M. Homebuilding gross margin percentage, before interest expense and land charges included in cost of sales, increased 430 basis points to 22.6%. Deliveries, including unconsolidated joint ventures, were 1,816 homes during Q4, up 3.8% compared with 1,750 homes in the same period of the prior year.
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