Hovnanian Enterprises (HOV) Posts Earnings Results, Misses Expectations By $0.79 EPS

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By Larry C. Paxton. The Month of May News Summary: Markets continued to show strong reactions to the ups and downs of the US/China trade negotiations, which at month end seemed to be at an impasse.This has been compounded by President Trump announcing in the last week a 5% tariffs on all Mexican goods, to grow by 5% per month until a maximum of 25%, as an incentive for Mexico to.

 · On Thursday Planar Systems reported its fiscal first quarter earnings results. The company reported earnings of 14 cents a share for the quarter, beating analysts’ estimates of 9 cents a share. The company’s revenue grew 17% year over year to $53.6 million for the first quarter, above analysts’ estimates of $48.5 million for the quarter.

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The communications systems provider said it expects to post breakeven results or a "small profit" on sales of $18.1 million to $18.3 million, vs. a prior forecast for earnings of $500,000 to $1 million on sales of $21 million to $22.5 million.

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Hovnanian Posts Fourth Loss in a Row, Meets Expectations Hovnanian Enterprises: ‘The Housing Market Has Bottomed’ Stocks/ETFs to watch:HOV. Competitors: DHI, LEN. ETFs: XHB, ITB Earnings call.

Housing Bubble and Real Estate Market Tracker Potentially impacted stocks and ETFs: Pulte Homes Inc. (NYSE:PHM), Beazer Homes USA Inc. (NYSE:BZH), Hovnanian Enterprises Inc. (NYSE:HOV), Toll.

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The bulls trampled all over Wall Street last week, with all of the indexes posting sizable gains, helped by plunging oil prices and a few positive earnings announcements. The Dow finished the week up 158 points, and is up 0.7% for the year. The Nasdaq surged 68 points, and is now ahead a sizable 3.6% in just the first two weeks of trading.