Hovnanian Reports Profit Decline of 5%
Jun 01, 12:48 PM EDT |
|
| The company’s sales backlog currently totals $4.8 billion, an increase of 23% from last year. |
|
| Homebuidlders have come under intense scrutiny from investors. Hovnanian reported decline in profit on rising revenue but beat the estimates. The company reported 4.9% decline in profit to $101 million from $106.1 million a year earlier. Quarterly revenue rose 30% to $1.57 billion from $1.2 billion a year ago. The company exceeded forecasts from analysts who had expected earnings of $1.43 per share and revenues of $1.35 billion. |
|
|
Full Story... |
Costco Reports 14% Rise in Earnings
Jun 01, 11:40 AM EDT |
|
| Earnings for the quarter were 49 cents a share up from 43 cents a share, an increase of 14% per share from the year-earlier period. |
|
| Warehouse club operator reported higher revenue and earnings in the third quarter. The company operates gas stations at 241 of its 350 domestic locations. The net income was $235.6 million up from $209.8 million a year earlier. Analyst’s average expectations for the quarter were 50 cents a share on estimated sales of $13.17 billion. |
|
|
Full Story... |
Dollar General Net Falls
Jun 01, 9:35 AM EDT |
|
| Gymboree sales rise 19%, Brown-Forman net advances, Abercrombie sales top views. |
|
| Dollar General Corp, general merchandise retailer, reported Q1 earnings of 15 cents a share, down from a profit of 20 cents a share a year-ago. Net sales advanced 8.8% in Q1 to $2.15 billion, from $1.98 billion in the year-earlier equivalent period and same-store sales climbed 1.6%. The analysts’ estimate was for a profit of 16 cents a share. |
|
|
Full Story... |
|
|
