Shares of Hovnanian Enterprises are down 7.3 percent on Friday, after reporting lackluster earnings for its most recent quarter. Earnings per share coming in at zero cents, while analysts had expected $0.06. Revenue was up 32.6 percent year-over-year to $716.9 million, missing the $732.51 million analysts were expecting. As for its fiscal 2016 guidance, the company expects revenue between $2.7 billion and $2.9 billion, while analysts were expecting $2.75 billion. TheStreet’s Scott Gamm reports from Wall Street.
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