Friday, May 4, 2007

Hovnanian sees loss bigger than previously thought

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

The company expects to incur about $15 million to $20 million of pretax charges for land impairment and write-offs of predevelopment costs and land deposits in the second quarter.


Read more at Reuters.com Market News

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