India, May 21 -- Homebuilder Hovnanian Enterprises, Inc. (HOV) reported Thursday a net loss for the second quarter of $2.95 million or $0.46 per share, compared to net income of $17.06 million or $2.43 per share in the prior-year quarter.
Total revenues for the quarter declined to $667.65 million from $686.47 million in the same quarter last year.
Looking ahead to the third quarter, the company expects adjusted pretax income between breakeven and $10 million and adjusted EBITDA between $30 million and $40 million on total revenues between $650 million and $750 million.
In Thursday's regular trading session on the NYSE, HOV is currently trading at $102.46, up $4.52 or 4.62 percent.
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