Hovnanian Enterprises (HOV) Stock Tumbling on Earnings Miss

June 9, 2015 1:58 PM

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Hovnanian Enterprises (HOV) Stock Tumbling on Earnings Miss

NEW YORK (TheStreet) -- Shares of Hovnanian Enterprises (HOV - Get Report) are falling by 13.88% to $2.73 in mid-morning trading on Tuesday, after the home builder reported its 2015 second quarter earnings results, which fell short of analysts' expectations.

For the most recent quarter Hovnanian posted a loss of 13 cents per share, wider than the loss of 5 cents per share the company reported in the 2014 second quarter.

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